Monday, 23 November 2015

'Needs A Lot Of Work' 3 Bedroom Terrace in Thornhill (7.5% Gross Yield)

This property needs a complete renovation but it's priced accordingly and once complete will be an attractive family home - we know this as we've just let a property on this street

It's on the market with Pattinsons for £90,000 - factor in a further £30k to improve it both inside and out to a good standard and you should have an attractive property and given the most recent sale of a similar property on this street was £140,000 in June of this year you'll build in capital growth at the start

Based on a total investment of £120,000 and £750pcm rent (which is what we easily achieved for the one on this street a couple of months ago) you'll make a healthy 7.5% Gross Yield





Click here for details http://www.rightmove.co.uk/property-for-sale/property-55065638.html

Call me on 0191 567 8577 or email neil.whitfield@belvoirlettings.com to discuss this or any aspect of property investment in Sunderland


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