Friday, 2 October 2015

Large, "Ready to Let" 3 Bedroom Hylton Castle Semi (7.4% Gross Yield)

This three bedroom Hylton Castle semi is being advertised at Offers Over £85,000 but given a) it's been on Rightmove since March 2014 and b) the most recent sale on this street for a 3 bed property was in March 2014 for £71k it may be worth a low offer as the vendors may be keen to sell

It's in a good condition so needs no work prior to letting

On a good day you could achieve £550pcm for it but let's play safe and budget on £495 (£500 being the magic number for properties in Sunderland) - even based on the lower amount and knocking £5k off the asking price it will deliver a 7.4% Gross Yield

Click here for details http://www.rightmove.co.uk/property-for-sale/property-54944912.html

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

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