Wednesday, 9 November 2016

"Needs Work" 3 Bedroom Terraced Cottage in Pallion (8.5% Gross Yield)

This large cottage in Pallion needs work (especially to the bedrooms in the dormer) but once completed it should get good tenant interest and deliver a decent return

It's got one downstairs double bedroom, two upstairs bedrooms in the dormer and a further 'storage room' in the dormer that needs plastering but could make a further study, nursey etc

Image 1 of 13: Main

The vendor is motivated to sell (I've met him) and has already reduced the price a couple of times to the current 'offers over' £57,000

If you can get it for no more than £55,000, spend £10 - £15,000 on bringing it up to a good standard it will rent out at £495pcm, giving 8.5% Gross Yield

Its being marketed by Dowen so call them for details and contact them to arrange a viewing https://www.onthemarket.com/details/2770610

Give me a call if you'd like to discuss this or any aspect of property investment in Sunderland - call 0191 567 8577 or email neil.whitfield@belvoirlettings.com

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