Thursday, 6 November 2014

'Needs Work' 4 Bedroom Terrace (7.6% Gross Yield)

This large double fronted cottage is in need of full renovation throughout but once completed will be popular with a range of tenants and offers the chance for decent yields and following the improvements, capital appreciation

It's in Southwick but don't let that put you off - it's in the 'better end' near the A1231 rather than the Thompson Road / Carley Road end

It has a large open plan lounge/dining room meaning the front room with bay window can be used as a double bedroom, in addition to the 3 bedrooms upstairs in the dormer

It needs a new kitchen and bathroom, full decoration and flooring throughout

With a £57,500 asking price plus a £20,000 improvement budget it will still return 7.6% Gross Yield based on £495pcm rent 

Click here for details http://www.zoopla.co.uk/for-sale/details/35074979?tmad=c&tmcampid=35&utm_campaign=buy-alert&utm_content=contact-type-listing&utm_medium=email&utm_source=alert#5goQmXC1Mfheg7K3.97 

Call us on 0191567 8577 or email neil.whitfield@belvoirlettings.com for more information

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