Wednesday, 4 November 2015

Three Tenanted Redhouse Semis Giving over 7.6% Gross Yield (Same Owner - Could Be Desperate?)

These three tenanted 2 bed semis in Redhouse have all been listed by the same agent on the same day, so it's clear that they are owned by the same Landlord - this looks to be the same Landlord that looked to offload 6 properties in March 

Click the link below for the blog post from March and you'll see one of them below was being offered back then

Portfolio of 6 Tenanted Properties in SR5 (For Sale as Portfolio or Individually) - 8.8% Gross Yield 

In light of this you may be able to strike a deal if you bought all three - even if you didn't they look to provide a decent enough return if you believe the estate agents figures and assuming they are in good condition - the lack of internal pics is a slight concern but it may just because the tenants are messy!

They are being sold for 75,000 achieving £500pcm (8% Gross Yield), £75,000 with £520pcm rent (8.3% Gross Yield) and £75,000 with £475pcm rent (7.6% Gross Yield) respectively

Click here for details

Given all three have gone on the market together it does suggest the owner might be susceptible to negotiation

Give me a call  on 0191 567 8577 or email if you'd like to chat about them or for more information about the Sunderland property market in general

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