Wednesday, 8 April 2015

Three Bedroom Pallion Terrace with Long Term Tenant (+6.5% Gross Yield)

This three bedroom, 2 reception room mid-terrace is one of the larger style properties in Pallion and has been tenanted by a working family since April 2012

They're currently paying £475pcm which is a little below market value, but based on this and the £87,500 asking price it will return 6.5% Gross Yield

Based on a market rent of £495pcm this rises to 6.8%

This has been rented consistently since purchased as an investment in 1999, generating over £80,000 in rental income during that time

It's being sold privately by an investor so rather than contacting an estate agent give me a call or drop me an email if interested and I'll put you in touch with him direct

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

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