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 

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

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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