Monday, 26 January 2015

Reduced by 10% 'Ready to Let' 3 Bedroom Grindon Mid Terrace (6.6% Gross Yield)

This 3 bedroom mid terrace in the popular Grindon area is in a neat and tidy condition with a couple of features that not all Grindon properties can offer, such as front & rear gardens and off street parking

It was first listed at £100,000 in October 2014 and at that price was not going to be of interest to investors but it's just been reduced by 10% to £90,000 which changes things somewhat

At that price it would return £6.6% Gross Yield, based on paying the above and a very achievable £495pcm rent

This is a popular area likely to attract long term, working tenants - it's often a little more expensive than the other ex-council areas we recommend but it's always worth looking out to see if you can get a bargain (especially if in this case you can negotiate the price down further...)

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