Friday, 27 November 2015

Cash Buyers Only! Bargain Basement Seaham 2 Bedroom Terrace (12% Gross Yield)

This 2 bedroom terrace in Seaham is being sold at auction on 14th December with a tempting Guide Price of £26,000 that will get a lot of interest from investors

It does need work prior to letting but it looks to be mostly cosmetic and should be achievable for no more than £5,000

The three most recent sales on this street sold this year for £38,000, £28,250 and £32,000 respectively so assuming you don't get carried away at the auction and spend no more than £40,000 in total (purchase price plus refurb) it will return 12% Gross Yield

This street will attract a mix of both working and non-working tenants but assuming the property is improved to a good standard then attracting a good working tenant shouldn't be an issue

Click here for details it's being sold by Kimmitt and Roberts at the Agents Property Auction so contact them for details or to arrange a viewing

Call me if you would like to have a chat about this property or investing in Seaham or Sunderland - call 0191 567 8577 or email

No comments:

Post a Comment