Wednesday, 22 June 2016

Three Bedroom Pallion Terraced Cottage (8.7% Gross Yield)

This three bedroom terrace is in a lettable condition and based on a very conservative £450pcm will return 8.7% Gross Yield

Given the shortage of 3 bedroom accommodation throughout Sunderland in general and given the location close to Pallion Metro station and only a short distance from the Royal Hospital, it should get interest from working family tenants



As mentioned above, £450pcm is conservative with £495 being realistically achievable - but looking at a worst case £450pcm rent and paying the asking price of £62k it will return 8.7% Gross Yield - negotiate a 10% discount and achieve the higher rent and you'd be looking at 10.6%

Click here for details http://www.zoopla.co.uk/for-sale/details/40807882 then contact Your Move to arrange a viewing if you're interested

Give me a call on 0191 567 8577 or email neil.whitfield@belvoirlettings.com if you'd like to chat about this or any aspect of the Sunderland property market

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