Superb 3 Bedroom Terrace Suitable for High End Multilet (+9.4% Gross Yield)

This 3 bedroom terrace close to the hospital would make an ideal family home but based on the £149,950 asking price it wouldn't stack up as an investment - let 3 rooms on a room-by-room basis to professionals and it does make an altogether more attractive investment

It's decorated and finished to the very high standard that could attract doctors working at the hospital or similar discerning professionals and they would be willing to pay around £90-£100 per room per week

I've worked the calculations on the lower figure and renting out the 2 first floor double bedrooms and 1 of the downstairs reception rooms as a double bedroom leaving the one of the reception rooms as just that, although to squeeze the pips further it may be possible to rent this living room out as a bedroom 

This may reduce interest as this sort of tenant may want some shared space & whilst the kitchen is great it's not big enough to be a communal area in which to gather

Based on the 3 room strategy and paying the asking price it will return 9.4% Gross Yield (10.4% if you achieved £100 per room) or 12.5% and 13.9% Gross Yield if you did manage to rent out 4 bedrooms


Being only a 2 storey property and having less than 5 bedrooms it would be classed as an HMO but crucially it wouldn't need a License 

It's on the market with Thomas Watson so give them a call for more information or to arrange a viewing https://www.onthemarket.com/details/2208504

Give me a call on 0191 567 8577 or email neil.whitfield@belvoirletttings.com if you'd like to discuss this Multi-Let strategy in more detail or to chat about any aspect of the Sunderland property market