Monday, 16 February 2015

'Full Refurb' 2 Bedroom Semi in Redhouse (6.75% - 7.1% Gross Yield)

This 2 bedroom, ex-council semi in the popular Redhouse area (SR5) is keenly priced reflecting the fact that the new owner will need to fully refurbish it throughout

That gives the potential for building in capital growth at the start


We've managed a similar property on this street for a number of years and know it will be popular with a wide range of tenants

Adding £15,000 on top of the £64,950 asking price will give a total cost of £80,000 and based on a rental income of £450 - 475pcm (depending on the standard of the refurbishment) will return 6.75% - 7.1% Gross Yield

Click here for details https://www.onthemarket.com/details/1141352/ 


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

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