Thursday, 10 November 2016

Tenanted 4 Bedroom End Terrace Close to Pallion Metro & Shops (9% Gross Yield)

This 4 bedroom end terrace is currently tenanted earning £7,200pa rental income and is for sale by auction with a Guide Price of £72,000...

...that makes it worth a look 




Based on the assumption that most properties go for at most +10% of the Guide Price, if you get the promised £7,200pa rent (£600pcm, which seems reasonable to me) and pay no more than £79,200 it will deliver 9% Gross Yield

The £600pcm rent is based on letting it as a single AST and the property may suit a Multi-Let strategy renting it room-by-room on a bills included basis to working people - as it is in the Pallion Ward you don't need to worry about Article 4 change of use as highlighted in my recent blog post 

http://www.sunderlandpropertyblog.co.uk/2016/11/considering-multi-let-strategy-in.html
It's being advertised by Anthony James so click here for details and contact them to arrange a viewing http://www.zoopla.co.uk/for-sale/details/42176221

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

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