Tuesday, 9 June 2015

Rare South Hylton 3 Bedroom Semi (7.3% Gross Yield)

This 3 bedroom ex-council semi in South Hylton could make a great long term investment - it's not a full renovation job but does need some work doing to it (giving the potential for capital growth at the start) and once done will be very popular with working families

South Hylton is a sought after area for tenants, it has it's own Metro station, it's close to the A19 giving access to the rest of the region and compared to most of Sunderland it doesn't have a lot of privately rented properties - meaning when a decent one comes up it has a queue of tenants

This property has a decent kitchen but needs a new bathroom and is in need of a lick of paint and new flooring throughout - I'd work on a budget of £10k on top of the £80,000 asking price

Based on this and £550pcm rent it will return a healthy 7.3% Gross Yield and given what I said about the scarcity of properties in South Hylton, voids shouldn't be an issue

If you're interested I wouldn't mess about - South Hylton is popular for homeowners as well as investors so this may get snapped up quickly

Click here for more information http://www.zoopla.co.uk/for-sale/details/37009365

Call me if you'd like to discuss this or any aspect of property investment in Sunderland - call 0191 567 8577, email neil.whitfield@belvoirlettings.com or call into our Frederick Street office for a chat

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