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 https://www.onthemarket.com/details/353939 and http://www.zoopla.co.uk/for-sale/details/36241725

Call us on 0191 567 8577 or email neil.whitfield@belvoirlettings.com for more information or to chat about any aspect of the Sunderland property market

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