Wednesday, 7 October 2015

'Needs Work' Three Bedroom First Floor Flat in Roker (7.7% - 8.5% Gross Yield)

This 3 bedroom first floor flat is being sold at auction, looking for Offers Over £52,000

There's a £6,000 Buyers Premium on top of the agreed sale price and it will need £5,000 -  £10,000 of work to finish off the incomplete refurb so it may be worth budgeting on a total investment of £70,000  

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At this amount it will deliver 7.7% Gross Yield based on a very realistic £450pcm rent (it may be possible to achieve £495 depending on the condition of the property, which would push the Gross Yield up to 8.5%)

Click here for details 

Call me on 0191 567 8577 or email for more information on this property or to discuss any aspect of property investment in Sunderland

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