Tuesday, 3 June 2014

Three Bedroom, 2 Reception Room Terrace Close to Hospital (6.2% Gross Yield)

We manage a couple of properties in this street and know it will be popular due to the location close to the hospital and also as larger sized three bedroom properties are in short supply in Sunderland

It needs work - I'd allow £15k on top of the £99,950 asking price as it needs redecoration and flooring throughout and also the kitchen and bathroom will need to be replaced

Even so, based on the total investment cost of £114,950 and an achievable £595pcm rent (once the work is done) it will return 6.2% Gross Yield 

Call us on 0191 567 8577 or email neil.whitfield@belvoirlettings.com for more information

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