Monday, 15 February 2016

Immaculate 2 Bedroom Grindon Mid Terrace (7.2% Gross Yield)

We've let a similar property in this street only this month so know that this 2 bedroom Grindon mid-terrace will be popular 

The owner of the property we've just let won't mind me saying that this property looks to be in much better condition with immaculate decoration throughout and stylish modern kitchen and bathroom


We let 'our' property for £495pcm and whilst the fact that this one is of a much higher quality may suggest that more rent could be achieved, that would push it above the 'magic' £500pcm barrier (most Sunderland searches to rent are for properties under £500pcm) and therefore it may result in it taking longer to let

I'd be tempted to put it on at £495, know it will let almost instantly, is likely to be let on a long term basis and it's likely that you'll never have any voids

Even based on £495pcm (which is conservative) it will return 7.2% Gross Yield based on paying the £82,000 asking price

It's on with Peter Heron so click here for details https://www.onthemarket.com/details/2401819 and call them to arrange a viewing

If you'd like to discuss any aspect of the Sunderland property market give me a call on 0191 567 8577 or email neil.whitfield@belvoirlettings.com

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