Thursday, 10 December 2015

Three Bedroom Farringdon Semi - Reduced by £5k (8.25% Gross Yield)

This 3 bedroom semi in the popular Farringdon area has just been reduced by £5,000 and as it is being sold by an online agent it suggests the vendors may be disappointed by a lack of interest since first being listed in May and therefore open to offers


The most recent sale on this street was for £83,500 in August 2015 so it may be worth matching this or going in with an even more cheeky offer

It looks to be in a decent lettable condition and has a conservatory in addition to a lounge and dining room, plus

You should work on £550pcm rent so assuming the property could be picked up for £80,000 this would deliver a decent 8.25% Gross Yield

It's being sold by Express Estate Agency so you'd need to contact them (but the vendor is likely to conduct the viewing) - click here for details http://www.rightmove.co.uk/property-for-sale/property-34500687.html 


If you'd like to discuss this or any aspect of property investment in Sunderland please call me on 0191 567 8577 or email neil.whitfield@belvoirlettings.com




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