This two bedroom semi may not deliver the most earth-shattering yield (although 6.5% is OK) but based on recent analysis this street is the most saleable in Sunderland, so investors should have no concerns about their exit strategy!
The street is Crossthwaite Grove in SR5 and I wrote about it in a post last year - click here to read the post http://www.sunderlandpropertyblog.co.uk/2015/10/crossthwaite-grove-has-most-saleable.html
We know the street well having let and managed a similar property last year and the property was very popular with a number of tenants keen to let it at the time
This particular property looks to be in decent condition and save for a lick of paint to freshen it up should be Ready-To-Let
Based on achieving the £495pcm we're getting for the similar property in the street and paying the £90,999 asking price it will deliver 6.5% Gross Yield
It's on the market with Pattinsons so you'll need to click here http://www.rightmove.co.uk/property-for-sale/property-29454510.html and if interested arrange a viewing through them
Give me a call if you'd like more information on this property or any aspect of property investment in Sunderland - call 0191 567 8577 or email email@example.com