Wednesday, 30 September 2015

Budget 1 Bedroom Ground Floor Flat in Ashbrooke (8.7% Gross Yield)

This 1 bedroom ground floor flat off Gray Road in Ashbrooke could appeal to a range of tenants, young single people, students or older tenants looking to downsize (and I would target the latter as they tend to be less transient)

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It needs a new kitchen and bathroom and it would make sense to install gas central heating prior to redecorating and changing the carpets in order to attract the best tenant (Ashbrooke has A LOT of flats and apartments to rent so to stand any chance of securing or retaining tenants the property has to be in the very best condition with gas central heating an absolute must)

Spend £10k to achieve this and you could look to achieve 8.7% Gross Yield based on a modest £400pcm rent and a total investment of £55k

Click here for details https://www.onthemarket.com/details/1846321

Call me on 0191 567 8577 for more details on this one or email neil.whitfield@belvoirlettings.com for more information about any aspect of the Sunderland property market

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