Monday, 25 July 2016

2 Bed Semi With Plenty of Scope to Extend Subject to Planning (7.4% Gross Yield)

This two bedroom ex-council semi in Silksworth is ready to rent and at £80,000 looks to give a decent immediate return but it's the potential to extend it that really caught my eye

It's situated on a large corner plot giving the potential to extend out to the side and also to develop the front of the property for car standing

Just looking at it as-is, with the £80,000 asking price and a predicted £495pcm rent it will return a decent 7.4% Gross Yield


If you look at the sold prices for the most recent nearby 3 or 4 bedroom sales, you'll see that there is the potential to profit from developing this property - to increase the rental return, allow you to remortgage at a higher amount to recycle your funds or simply to sell on at a profit

Click here for the most recent 3 bed sale http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=45225322&sale=52916003&country=england

And here for the most recent 4 bed (extended) sale http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=48195473&sale=52916006&country=england

This property is being marketed by Dowen's so call them to arrange a viewing  or for further information http://www.rightmove.co.uk/property-for-sale/property-41884590.html

Call me on 0191 567 8577 or email neil.whitfield@belvoirlettings.com to discuss the potential of this property or any aspect of the Sunderland property market

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