Monday, 8 December 2014

'Needs Lots of Work' 2 Bedroom Millfield Terrace (8.3% Gross Yield)

This 2 bedroom terrace is close to Millfield Metro station, Sunderland Royal Hospital and the University, so if offered in a good lettable condition it should be popular with a wide range of tenants

Getting it to a good lettable condition will need around £15,000 - £20,000 investment as it certainly needs full redecoration, flooring and a new kitchen and bathroom. There also looks to be signs of historic water ingress so it would be worth checking out the roof, guttering and pointing

Once complete it will return 8.3% Gross Yield based on a total investment of £64,950 and £450pcm rent

Click here for details

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