"Needs Work" Corner Plot 3 Bedroom Town End Farm Semi (Possible 8.25% Gross Yield)

Another 3 bedroom semi on a corner plot, this one in Town End Farm (SR5), an area regular blog readers will know is a particular favourite of mine for providing family friendly properties that deliver decent returns

This one needs work...how much work I couldn't say as there aren't any internal pics, however the agent description says it needs work, so let's budget on £10 - £15k to be on the safe side

It's being advertised at OIRO £75,000 and given a tip top condition 3 bedroom semi would go for around £90k in Town End Farm that doesn't leave a lot of room if you were spending at the top end of the refurb budget, so I'd be looking to knock at least £10k off the asking price to make it worthwhile

If you work on a total investment of £80,000 (£65,000 plus £15k refurb) it will deliver 8.25% Gross Yield based on £550pcm rent

Click here for details http://www.rightmove.co.uk/property-for-sale/property-54965861.html

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