It's being advertised as OIRO £79,950 but given the circumstances it may be possible to negotiate
Realistically it needs updating throughout so you'd be wise to budget on a renovation budget of £10k - 15k (and negotiate based on this)
It will easily achieve £495pcm (but I'd be cautious about going above the £500 ceiling) so if you can negotiate hard and bring it in with a total investment (purchase price plus renovations) of £85,000 it will deliver 7.0% Gross Yield
It's being sold by Alfred Pallas so call them to arrange a viewing and click here for details https://www.onthemarket.com/details/2583271
If you'd like to discuss this in more detail or any aspect of the Sunderland property market please call me on 0191 567 8577 or email neil.whitfield@belvoirlettings.com
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