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Bargain 2 Bed Terrace 'Project' (+9% Gross Yield)

We manage a similar property on this street and whilst this £25k bargain needs work, it could make a decent investment offering +9% returns for the right investor

We manage a similar property on this street and whilst this £25k bargain needs work, it could make a decent investment offering +9% returns for the right investor

Given its Hendon location the property will need to meet Sunderland City Council's Selective Licensing requirements, which will need to be factored into the refurbishment plan & budget

The 2 bed property we manage on this street is rented to a young working couple for £450pcm and even based on a conservative £400pcm and a total investment of £50,000 (£25k for the property and the same again to get it to a lettable condition) it will return 9.6% Gross Yield

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

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