Wednesday, 20 April 2016

Bargain 2 Bedroom Flat in Farringdon (12.6% Gross Yield!?)

This 2 bedroom flat on Allendale Road, Farringdon is being advertised with a Guide Price £38,000 by a Lincolnshire based online agent

They say it's tenanted and suggest £425pcm is achievable, I'd say based on the current condition it would be better to base your figures on £400 but even so that would return 12.6% Gross Yield

Whilst it's no horror-show, rather than keeping it as-is I'd suggest investing a little more to improve the kitchen and bathroom and give it a lick of paint

Click here for details and to contact the agent (who will probably put you in touch with the vendor to do the viewing...) 

Call me on 0191 567 8577 or email to discuss this or any aspect of the Sunderland property market

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