Wednesday, 24 June 2015

Only £55k 'Ready to Let' One Bedroom Flat Near Doxford International (8.7% Gross Yield)

This tidy 1 bedroom first floor flat is in Hall Farm, which is a little further away from Doxford International Business Park than the more common 2 bedroom flats in Moorside or Chapel Garth but its only about half a mile further away so this shouldn't be a deal breaker or prevent it from getting interest

In our experience it may attract an older tenant than the young professionals who often share a 2 bedroom flat in Moorside & Chapel Garth (which are popular as they are walking distance to the Doxford International businesses), which in itself may not be a bad thing

It's priced at £55,000 and therefore may make an ideal first, low outlay investment - based on a realistic £400pcm it will return a very healthy 8.7% Gross Yield

As this is only a 1 bedroom property it's worth a final word of caution that 1 bedroom flats tend to change tenants more often than most (as people outgrow them more easily), but again if it attracts an older tenant who may be downsizing this may not be the case

Click here for details http://www.rightmove.co.uk/property-for-sale/property-47423249.html

Call me on 0191 567 8577 to discuss this property or any aspect of the Sunderland property market

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