Monday, 7 December 2015

Stylish 2 Bedroom Bonners Raff Apartment (9.75% Gross Yield and 47% of Last Sale Price)

Regular blog readers will know I like the Bonners Raff development due to it's quirky nature, riverside location and spacious, good quality apartments which all lead to its ability to attract Good Tenants

This 2 bedroom, 2nd floor apartment is being offered at £79,950, it has two double bedrooms including a master bedroom with ensuite, river views and secure parking

Based on paying the asking price and achieving a realistic £650pcm rent it will deliver 9.75% Gross Yield

It's interesting to note it was bought in 2007 for £171,000! That means it's now worth at most 47% of what was paid in 2007, suggesting that whilst it may never rise to that level again there is plenty of room for some capital growth

It's being marketed for sale by Your Move, click here for details http://www.zoopla.co.uk/for-sale/details/38539975 and call them for more information or to arrange a viewing

Give me a call on 0191 567 8577 or email neil.whitfield@belvoirlettings.com to have a chat about this opportunity or to discuss any aspect of the Sunderland property market

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