Monday, 11 April 2016

Vacant Possession (But Needs Work) Silksworth Semi (7.0% Gross Yield)

This three bedroom semi in a popular part of Silksworth is on the market with vacant possession and no onward chain 

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

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It's being sold by Alfred Pallas so call them to arrange a viewing and click here for details

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

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