Monday, 25 January 2016

Tidy Two Bedroom Redhouse Semi (8.0% Gross Yield)

This two bedroom semi in the popular Redhouse area needs a lick of paint in a couple of rooms (the pink bedroom for starters) but other than that, with a modern kitchen and bathroom it's almost 'Ready to Let'

It will attract a good deal of interest from a range of working tenants


Based on buying at £70,000 (this is the 'Offers Over' price) and achieving £450pcm rent it will return a healthy 8.0% Gross Yield - £475 could be achieved but that would only increase the yield to 8.14% and I'd argue you'd be better off in the long run accepting £450 to encourage a quicker let and longer tenancies

It's being sold by Grant Philip Lowes so click here for details http://www.zoopla.co.uk/for-sale/details/39248378 and then call them to arrange a viewing

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

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