Monday, 13 July 2015

Three Bedroom Castletown Terrace (7.9% Gross Yield)

This three bedroom terrace in Castletown (SR5) looks to be in reasonable condition but would benefit from updating the dated kitchen and bathroom

It's being offered for sale by a Manchester based online agent and they're giving all the signals the buyer may accept a cheeky offer, given the description states that "it is an ideal opportunity for buyers who are in a position to buy fairly quickly"

Sounds like they may be desperate...

It's being offered at 'Offers Over' £75,000 but I'd suggest trying to knock the £10k off that it will probably cost to update the kitchen, bathroom, replace the dodgy carpets and give it a lick of paint throughout

Based on a total cost of investment of £75k and an achievable £495pcm rent it will return a healthy 7.9% Gross Yield

Click here for details http://www.zoopla.co.uk/for-sale/details/37437105

Call me on 0191 567 8577 or email neil.whitfield@belvoirlettings.com if you'd like to discuss this or any aspect of the Sunderland property market

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