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 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


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