Friday 11 December 2015

'Needs Work' 5 Bedroom Townhouse (7.5% Gross Yield)

This 5 bedroom townhouse needs redecoration, flooring and the lack of suggests these may need to be replaced but even so, having done the work it could return 7.5% Gross Yield

I'm basing the figures on a single let to a family, it may be that you could get a higher return renting it as a Multi Let (but care must be taken if renting all 5 bedrooms as given it is over 3 stories it would then be classed as an HMO requiring a license)

Assuming you pay the OIRO £79,950 then spend a further £15k on improvements it will return 7.5% Gross Yield based on £595pcm rent





It's being marketed by Alfred Pallas so click here http://www.rightmove.co.uk/property-for-sale/property-52319710.html for details and call them to arrange a viewing

Give me a call if you'd like to discuss this or any aspect of property investment in Sunderland - call 0191 567 8577 or email neil.whitfield@belvoirlettings.com

2 comments:

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  2. Thanks for giving us this type of information about living
    in Sunderland its not easy to get accommodation in any country every student wish to get best accommodation near to university because they want to save their money and time .



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