Tuesday, 19 January 2016

Cheap But 'Needs Work' 1 Bedroom Flat Close To Hospital & University (9.6% Gross Yield)

This 1 bedroom, first floor flat is just off the busy Chester Road shopping area and is only 5 minutes walk from both the University and Sunderland Royal Hospital, so may appeal to a range of tenants

It needs redecoration in the lounge and bedroom and both the kitchen and bathroom could do with updating

It's also only got electric heating and hot water (no gas) so whilst the cost and hassle of installing a gas supply may not be worth it, I would certainly suggest replacing the 1970's storage heaters with something more modern, attractive and energy efficient

Delivering the flat to a high quality, fully refurbed standard as above should make it possible to achieve £400pcm rent and based on the £39,950 asking price plus £10,000 for the improvements will deliver 9.6% Gross Yield

It's on with Your Move so click here for details and arrange a viewing with Your Move if interested

If having done so you'd like to chat to me about this property or any aspect of the Sunderland property market feel free to give me a call on 0191 567 8577 or email neil.whitfield@belvoirlettings.com

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