It needs a full redecoration & new flooring and a new kitchen and bathroom so I would add a further £15k ontop of the asking price (with lots of competition for similar flats in the area it will need to be done to a very good standard to attract a Good Tenant)
Once the work is complete, and assuming the rest of the building is in good condition, it should achieve £395pcm returning 9.4% Gross Yield
For more information please call 0191 567 8577 or email neil.whitfield@belvoirlettings.com
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