Thursday 23 July 2015

Damn, It's Sold! A Good Example Of What Could Be A Professional Multi-Let

I spotted this 3 bedroom, 2 reception room terrace come onto the market towards the end of last week but I've only just got round to doing the blog post now - and in the few days that have passed it's Sold STC! I thought it worth posting nonetheless to show what can lend itself to the professional Multi-Let described in the recent article

Firstly it's in a great location in the 'nice part' of Roker, near the park, a short walk to the seafront and close to both the Seaburn and Stadium of Light Metro stations

It's also in great condition so needs no work




It has 2 double bedrooms and a 2nd reception room that could be used as the 3rd double bedroom - the real 3rd bedroom (a single) could be used for storage or a study

The kitchen and outside space look really good too

Priced at £15,4950 it wouldn't work as a family let, this would be the sort of property to get better-than-average capital growth but the yield would be a disappointing 5.8% based on an ambitious but achievable £750pcm

Do it as a Multi-Let based on 3 lettable double bedrooms at £100pcm (bills included) and it will return 10% Gross Yield







Click here for details http://www.rightmove.co.uk/property-for-sale/property-48473680.html 

Don't call me to discuss this one! It's gone! But do call to discuss this type of investment or any aspect of the Sunderland property market - call me on 0191 567 8577 or email neil.whitfield@belvoirlettings.com

1 comment:

  1. Its really perfect choice for student who want to stay in accommodation what about the rental cost of 2 bed room apartment give me some detail thanks .


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