Tuesday, 17 February 2015

Three Bedroom Eastlea Rd Semi (6.75% Gross Yield)

This 3 bedroom semi in the popular Eastlea area of Seaham needs some cosmetic updating but even so, still represents a decent investment given the price

It will need redecoration and the flooring replaced in some of the rooms but the kitchen and bathroom appear to be fine, so it may be possible to get it to a decent lettable standard with a budget of £5000 on top of the £74,950 asking price

With that total investment it will return 6.75% Gross Yield, based on a realistic £450pcm rent

Click here for details http://www.rightmove.co.uk/property-for-sale/property-50532827.html 

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

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