Tuesday, 20 October 2015

Three Bedroom Ford Estate Semi (+7.5% Gross Yield)

With a lick of paint, some new carpets and a good jetwash of the back garden paving slabs his 3 bedroom semi in a Ford Estate cul-de-sac should be popular with family tenants

We've managed a property on this street for many years, let out to a family where both adults have worked at the hospital at some point so being close to Sunderland Royal Hospital must be seen as a plus

It needs a bit of work (the decoration, new carpets, the jetwashing of the rear garden paving as above) but overall looks to be OK, with a kitchen and bathroom that will do for a few more years before needing to be updated

Click here for details http://www.zoopla.co.uk/for-sale/details/38454691

Based on paying no more in total than the £78,950 asking price (negotiating the price down to cover the cost of the above improvements) it will deliver based on £495pcm 7.5% Gross Yield or 8.3% or based on £550pcm which may be achievable should the condition be to a sufficiently high standard

Call me on 0191 567 8577 or email me on 0191 567 8577 if you'd like to discuss this or to discuss any aspect of the Sunderland property market

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