Wednesday, 8 July 2015

Three Bedroom Ryhope Terrace (7.4% Gross Yield)

This three bedroom Ryhope mid-terrace could let as-is for a decent Yield or alternatively could offer a more substantial project to alter the layout to improve upon the small kitchen and ground floor bathroom

Looking at the floorplan (below), the kitchen and bathroom are very small, so it may make sense to sacrifice the smallest bedroom to move the bathroom upstairs and using the room this frees up to provide a much larger kitchen - this would make it a much more attractive 2 bedroom property - you'd probably get the same rent and are much more likely to have happy, settled long term tenants

Major works such as this would need to be costed out and full analysis of the cost and benefit would need to be carried out, so I've just worked on the simple £495pcm in it's current 3 bedroom layout and the £80,000 asking price

Click here for details http://www.zoopla.co.uk/for-sale/details/37307764#6RA8lkvayXQ8mX8H.97

Call me if you want to chat about this in more depth or would like to discuss any aspect of the Sunderland property market - call 0191 567 8577 or email neil.whitfield@belvoirlettings.com

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