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'Needs Lots of Work' Bargain 2 Bedroom Flat

I've seen inside this Ryhope first floor flat as the landlords were considering doing it up themselves prior to letting it out - they've clearly decided to sell it on and let someone else do the work!

I've seen inside this Ryhope first floor flat as the landlords were considering doing it up themselves prior to letting it out - they've clearly decided to sell it on and let someone else do the work!

It's best to work on a 'worst case' basis, so prior to full redecoration & new flooring I would factor in a rewire, boiler & central heating installation, fitting a new bathroom and fitting a kitchen (as there isn't one currently)

All in I'd estimate around £20k to get it to a lettable standard that will attract a Good Tenant

That said, given the bargain £40k asking price, it will still return 8% Gross Yield based on £400pcm rent

Click here for details http://www.zoopla.co.uk/for-sale/details/35248407?tmad=c&tmcampid=35&utm_campaign=buy-alert&utm_content=contact-type-listing&utm_medium=email&utm_source=alert#tcc78BRw57gIuyXI.97

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

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