Thursday, 24 September 2015

Another No Chain Property in Sought After Nookside (SR4) 6.9% Gross Yield

This 2 bedroom semi is in the popular Nookside area which tends to have more owner-occupied properties than decent rentals, meaning if this was refurbed to a good standard it will be popular with tenants

It's advertised with No Chain and looking at the decor, shower room (no bath), low maintenance outdoor space etc I'd suggest this has been occupied by an older occupier 

It means that you'd need to budget for redecoration throughout, new carpets & flooring, a new fitted kitchen and possibly refitting a bath to the bathroom - I would also suggest that given comparable nearby sales for 2 bedroom properties you should look to securing a decent reduction from the £86,950 asking price

If you budgeted on a £95k total investment it would return 6.9% Gross Yield based on £550pcm rent

Click here for details https://www.onthemarket.com/details/2024712 


Call me on 0191 567 8577 or email neil.whitfield@belvoirlettings.com to discuss this property or any aspect of property investment in Sunderland

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