Thursday, 19 February 2015

Two Bedroom Semi in Popular Grindon (7.6% Gross Yield)

This 2 bedroom Grindon semi is cheaper than you'd expect for the area at OIRO £70,000 so it's worth a look, given it will be popular with a range of tenants

Ex-council semi's such as this one tend to be a little more expensive in Grindon than in other areas such as Farringdon or Redhouse, and given this doesn't look to need too much work it could be a bargain

It will need a lick of paint throughout and possible carpet/flooring replacement but the kitchen is fine as-is, it may be worth putting some budget aside for the bathroom, however

Based on a total investment of £75,000 and an achievable £475pcm it will return a pretty decent 7.6% Gross Yield

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