Friday, 20 March 2015

A Pair of Riverview 2 Bedroom Apartments (8.5% and 9.5% Gross Yield Respectively)

I make no secret of the fact that I like the Riverview, Low Street development more than most Sunderland apartment blocks, mainly due to the fact in the that in the 6 years that we've managed properties here they have always been very easy to let to decent tenants

Now 2 apartments have come onto the market, both for under £70k - one is on for £62,500 (a steal when you consider it was bought new in 2005 for an eye-watering £170,000) and the other 'Offers Over' £69,950

Assuming £495pcm rent you'll be looking at 9.5% and 8.5% Gross Yield respectively

Being leasehold you'll need to factor in service charges

They're on with different agents suggesting they have different owners (so you couldn't do a deal for taking both)

Click here for details and

Call us on 0191 567 8577 or email for more information or to chat about any aspect of the Sunderland property market

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