Wednesday, 10 June 2015

Another 2 Bedroom Riverview (Low Street) Apartment (8.5% Gross Yield)

I've highlighted a couple of these in recent months as being worthy of consideration and this one is no different (all of the 2 bedroom apartments in the building are identical!)

It's on the 5th floor, so will have good views, it looks neat and tidy, if a little overpriced


The last sale in this building was in February 2015 when £65,000 was paid for a similar 2 bedroom apartment - with this in mind as this one is being sold for £74,950 I'd be tempted to put in a cheeky offer on the basis of securing a quick sale

Let's assume you get it for £70k...it won't need much doing to it and will let out at £495pcm, so based on this will return 8.5% Gross Yield

Clearly being leasehold there's service charges of £100 or so a month to consider but given I consistently advise that we never have any trouble finding Good Tenants for this building it could be worth a look

Click here for more information http://www.rightmove.co.uk/property-for-sale/property-52412678.html 


Call me or drop me an email if you'd like to discuss this one or any aspect of property investment in Sunderland


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