Thursday, 12 February 2015

Tenanted Two Bedroom Semi in Hylton Castle (8.3% - 8.8% Gross Yield)

This 2 bedroom semi in Hylton Castle is currently tenanted and according to the selling agent is getting £475pcm rent

There's no internal photos so there's no way of telling the internal condition but even so, £475 seems at the higher end of achievable rent for the property type and area - for £475pcm I'd expect it to be in an immaculate 'Ready to Let' condition with a modern kitchen and bathroom

Based on £475pcm rent and paying the 'Offers Over' £65,000 asking price it will return 8.8% Gross Yield

Looking at a more realistic £450pcm it will still return a healthy 8.3%

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