Thursday, 25 June 2015

Bargain 'Ready to Let' 2 Bedroom Moorside Flat (7.6% Gross Yield)

Most 'Ready to Let' 2 bedroom Moorside flats sell for between £85,000 - £90,000 so this one, priced at £74,950, at looks to be a bit of a bargain


Given their location close to Doxford International Business Park, Moorside flats like this are popular with young couples, professional sharers and also older tenants looking to downsize

Regular readers of this blog will know that Moorside flats with gas central heating are most sought after and can command a premium rent - and this one has GCH as well as a garage in a separate block

Based on the £74,950 asking price and a realistic £475pcm it will return 7.6% Gross Yield (or 7.9% based on £495pcm, which may be possible)

There's an open viewing on July 4th at 10am and at this price it will go following this open viewing so my advice would be to get in there early or you're likely to miss out

Click here for details https://www.onthemarket.com/details/1285674


Call me on 0191 567 8577 or email neil.whitfield@belvoirlettings.com for more information on this property or any aspect of the Sunderland property market

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