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Boxy but Lucrative! Three Bedroom Lofthill Flat (8.5% Gross Yield)

This 3 bedroom, ground floor flat in Lofthill (SR3) is certainly not visually attractive from the outside but given it offers 8.5% Gross Yield, it could make an attractive investment!

This 3 bedroom, ground floor flat in Lofthill (SR3) is certainly not visually attractive from the outside but given it offers 8.5% Gross Yield, it could make an attractive investment!

Internally it looks to be in a reasonable condition, just about able to be let as-is but certainly a lick of paint/flooring would be beneficial in attracting a Good Tenant and it would be worth budgeting for replacing the kitchen in a year or two at most

Given the location close to Doxford International & the A19 it will be attractive to a range of working tenants and given it's on the ground floor, it could also appeal to older tenants too

In it's current condition it will return 8.5% Gross Yield, based on paying the £69,950 asking price and £495pcm achievable rent...but spend a little more to update the kitchen and bathroom and £550pcm is achievable

Click here for details https://www.onthemarket.com/details/1099242/

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

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