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%
Click here for details https://www.onthemarket.com/details/1138038/
Call us on 0191 567 8577 or email neil.whitfield@belvoirlettings.com for more information
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