Tuesday, 16 June 2015

Versatile 3 Bedroom Terrace Near Chester Road & Sunderland Royal Hospital (+6.8% Gross Yield)

We've managed a couple of properties like this one on this street (Croft Avenue SR4) over the years and based on this, we know it could be popular with families, professional sharers or students

It needs a lick of paint on the front and in some rooms just to freshen it up but otherwise looks to be in a condition that will attract Good Tenants

Whilst you would be able to command a higher rent, I'd not advise you bought this as a student property (there are a number of reasons for this, if you want more detail on why I'd not advise this please give me a call...) so the calculations below are based on renting it as a family home

It's priced at £105,000 and I'd advise that £600 - 650pcm will be achievable, returning 6.8% - 7.4% Gross Yield

Given the shortage of good quality, larger-style family homes it should be popular and attract long term tenants

Click here for details https://www.onthemarket.com/details/1644531 

Call me on 0191 567 8577 or email neil.whitfield@belvoirlettings.com to discuss this property or any aspect of property investment in Sunderland

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