Wednesday, 16 September 2015

Managed & Tenanted 3/4 Bedroom End Terrace (+6.7% Gross Yield)

One of our Landlords is looking to sell this 3/4 bedroom end terrace close to Chester Road and Sunderland University by auction, with a Guide Price of £125,000

We've managed it for many years and it is a versatile property that in the past has been let to families, students and professionals

It's currently let and achieving £695pcm with long term young professional tenants in place, delivering 6.7% Gross Yield

That't the most you'd achieve letting to families or sharers on a single AST but with a little creative reconfiguring it could lend itself to a room-by-room 4 room Multi-Let that would considerably increase the return - a rough calculation based on £80prpw for the 4 double rooms (leaving 1 single room out of the equation for now) would return over £1,300pcm)

For this to work would really need the lounge to be partitioned into providing a 4th double bedroom and it would benefit from the utility at the rear being changed to a 2nd bathroom (or alternatively to look at providing ensuites, there should be enough room), so there would be a cost involved in undertaking this

Click here for details http://www.zoopla.co.uk/for-sale/details/38117000 

Call me on 0191 567 8577 or email neil.whitfield@belvoirlettings.com for more information

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