Cheap Student HMO (Potential for +13% Gross Yield)

We would always advise caution when entering the student market in Sunderland but that said, for an experienced student landlord this terraced property may be worth looking into

It's advertised as 6 bedroom but that's using the lounge as an additional bedroom so we'd base our calculations on 5 bedrooms - we've let the next door property for the last couple of years (to students) and working on the basis they are of a similar layout we know that you're far more likely to let it with a lounge

The lack of internal photos on the listing is a slight concern and leads me to suggest a generous budget for improvements should be allowed (as students are demanding ever-increasing standards of accommodation these days)

Even if you add £15k on top of the £84,950 asking price it will still return 13% Gross Yield (this is based on £55prpw and an 11 month tenancy)

Landlords tapping into the Sunderland student market need to be comfortable in offering the tenancy 'bills included' - an allowance for this would be added to the above £55prpw 

Click here for details http://www.zoopla.co.uk/for-sale/details/33840461?tmad=c&tmcampid=35&utm_campaign=buy-alert&utm_content=contact-type-listing&utm_medium=email&utm_source=alert 

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