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

And here for the most recent 4 bed (extended) sale

This property is being marketed by Dowen's so call them to arrange a viewing  or for further information

Call me on 0191 567 8577 or email to discuss the potential of this property or any aspect of the Sunderland property market

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