Thursday, 11 August 2016

"Full Refub" Three Bedroom Cottage in Popular High Barnes (7.1% Gross Yield)

There are a number of our Landlords/Investors who focus only on properties in the sought after High Barnes area - they may pay a little more than in other areas but are always popular and attract Good Tenants 

This three bedroom property needs a full refurb but once complete will be attractive and will appeal to a range of tenants


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It's being advertised for offers in excess of £85,000 and you would be wise to factor in a further £15,000 for improvements but even so given the most recent sales in this street have all been for £100,000 or above for 2 bedroom properties (the most expensive one being £114,900)

Based on the above and £595pcm rent it will return 7.1% Gross Yield

Click here for details www.onthemarket.com/details/2537888 and contact the selling agent Peter Heron for details or to arrange a viewing

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


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