It was bought in 2013 for £44,000 and clearly the price suggests the property was in a poor condition with the current owners having improved it to a high standard throughout, meaning it will appeal to a wide range of tenants
Based on paying the £70,000 asking price and a very conservative £450pcm (given the condition it is likely that more can be achieved) it will return 7.7% Gross Yield
It's being marketed by Pattinson so click here for details http://www.zoopla.co.uk/for-sale/details/39291843 and call them to arrange a viewing
Call me on 0191 567 8577 or email neil.whitfield@belvoirlettings.com to discuss this or any aspect of property investment in Sunderland
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