Monday, 11 July 2016

Ready to Let 2 Bedroom Flat in Popular Block (+9.8% Gross Yield)

We've managed a similar flat in this block for a number of years and we know it will be popular with a range of tenants. Priced at just over £40,000 it's worth a look as it offers the potential for double digit yields

We're currently getting £350pcm so based on the above it will return 9.8% Gross Yield. We have acheived rent as high as £425pcm in the past so at that level the return will be 11.9%

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It looks to be in a ready to let condition but one thing I would advise you check out is the length of the lease remaining, which may affect your ability to get a mortgage (however at this price you may look to pay cash if this is a problem)

It's on the market with Thomas Watson estate agents so call them for more information or to arrange a viewing https://www.onthemarket.com/details/2902477

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

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