Wednesday, 27 July 2016

Three Bedroom Seaham Semi (10.8% Gross Yield)

This three bedroom ex-council semi in Seaham is being advertised for £55,000 and with the potential to achieve £495pcm rent it looks worthy of investigation

It looks like it's in a 'Just About OK' condition which means it could be let as-is but I'd recommend putting in a new kitchen and putting a shower in the bathroom (which means you'll then need to spend a little on tiling or plastic panelling) to make it most attractive to Good Tenants

Based on paying the £55,000 and getting a reasonable £495pcm rent it will return 10.8% Gross Yield



Click here for details http://www.rightmove.co.uk/property-for-sale/property-55097788.html - it's being marketed by Express Estate Agency so call them for details (chances are, given they're a national agent based in Manchester you'll get to meet the owner at the viewing) 

Call me on 0191 567 8577 or email neil.whitfield@belvoirlettings.com for more information

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