Friday, 25 September 2015

Three Bedroom Mid Terrace in Popular Redhouse Area - Needs Work (7.7% Gross Yield)

This spacious three bedroom mid terrace needs full redecoration, new flooring and a new bathroom suite to appeal to Good Tenants but once completes it should be easy to let to working families

It's priced at £74,950 and I'd allow a £10k worst-case budget on top of this to undertake the improvements

Once the work is completed it will command £525 - 550pcm rent and based on the total investment of £85,000 will return 7.4% - 7.7% Gross Yield

Click here for details https://www.onthemarket.com/details/2024708 


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

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