This 2 Bed, 2nd floor apartment in a popular Ryhope development could deliver over 7% gross yield
I've just spotted the following 2 bed, 2nd floor apartment for sale in a popular development to the south of the City Centre in Ryhope, which gives great access to the A19 via the new Southern Radial Route.
It previously sold for double the £75k being asked (£154k in 2004), so there's room for capital growth and will return around £450 - £475pcm in rent, which based on the lower amount gives a gross yield of 7.2%.
It looks to be in good condition (I suspect it may have been owner-occupied rather than tenanted) so will be ready to rent & would make a good first invesment or for landlords looking to add a 'low maintenance' property to their portfolio
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