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 http://www.zoopla.co.uk/for-sale/details/40150877 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 neil.whitfield@belvoirlettings.com to discuss this or any aspect of the Sunderland property market


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