Monday, 15 December 2014

Needs Work 2 Bedroom Flat in SR5 - Offered Cheap For Quick Sale (7.4% Gross Yield)

This 2 bedroom flat in Downhill (SR5) looks to be a bit of a steal at 'Offers Over £50,000' but it will need a good few thousand spending on it to bring it up to a lettable standard that will attract a Good Tenant

Based on a total investment of £65,000 it will return 7.4% Gross Yield, assuming an achievable rent of £400pcm

It needs freshening up throughout, with new flooring and a new kitchen and bathroom, the upside being it's not a large flat so this will help control costs

Click here for details http://www.zoopla.co.uk/for-sale/details/35440586#MDuWfo1SFyQEoEtP.97 

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


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