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 http://www.rightmove.co.uk/property-for-sale/property-34298031.html

Call me on 0191 567 8577 or email neil.whitfield@belvoirlettings.com to discuss this in more depth or to speak about any aspect of the Sunderland property market

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