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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