Monday, 20 July 2015

Needs A Little Work 3 Bedroom Georgian Style Semi in Popular Location (6.5% Gross Yield)

This 3 bedroom is in a sought after row of Georgian style semi's that everyone in Sunderland will immediately recognise and with a little bit of TLC will be popular with family tenants

It's on the market for £110,000 but needs decoration, flooring and the kitchen looks a bit tired & dated

It's relatively cheap for this street (the last one sold for £140k in April, the one before that sold for £117k) but this reflects the need for work and if you could negotiate the price down to £100,000 (knocking off the £10k it will cost to do it up) it will return 6.5% Gross Yield based on a very realistic £595pcm rent

Click here for details

Call me on 0191 567 8577 or email to discuss this in more depth or to speak about any aspect of the Sunderland property market

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