House For Sale £180,000
Yieldit are pleased to present to the market this ready-made investment opportunity, the property is a fully-operational, tenanted and licensed HMO property generating a fantastic net yield above 7%. The mid-terraced property consists of entrance hallway leading to five spacious double bedrooms, a fully-fitted kitchen complete with appliances, a shower room and bathroom with three-piece suite. To the rear of the property is a low-maintenance rear yard and ample on street parking is available to the front.
Leamington Street is ideally located just a 5-minute walk to Sunderland General Hospital and Sunderland University Main Campus, meaning it will be an attractive let with the student community and young professionals thanks to itTMs handy location. SunderlandTMs bustling city centre can be reached in 20 minutes on foot or 5 minutes by car, offering a wide selection of shops, eateries, leisure and cultural facilities. Sunderland Station is also located in the centre which provides services to Newcastle in as little as 20 minutes meaning it will also appeal with commuters.
Sunderland often ranks highly as one of the best and safest places to live in the UK and house prices in the city have increased by an excellent 12% since 2019 (Rightmove). Almost 1billion has been invested in the city since 2015, resulting in the creation of jobs, improve infrastructure and cultural assets and in addition to this, a further 626m is due to be spent by 2024 which will only contribute to itTMs growth and appeal. DonTMt miss out on this opportunity to invest and enquire today!
Financial Breakdown
Gross rent: £21,000
Lettings fees: £2,100
Net income: £12,684
Gross yield: 11.67%
Net yield: 7.05%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-06969
Leamington Street is ideally located just a 5-minute walk to Sunderland General Hospital and Sunderland University Main Campus, meaning it will be an attractive let with the student community and young professionals thanks to itTMs handy location. SunderlandTMs bustling city centre can be reached in 20 minutes on foot or 5 minutes by car, offering a wide selection of shops, eateries, leisure and cultural facilities. Sunderland Station is also located in the centre which provides services to Newcastle in as little as 20 minutes meaning it will also appeal with commuters.
Sunderland often ranks highly as one of the best and safest places to live in the UK and house prices in the city have increased by an excellent 12% since 2019 (Rightmove). Almost 1billion has been invested in the city since 2015, resulting in the creation of jobs, improve infrastructure and cultural assets and in addition to this, a further 626m is due to be spent by 2024 which will only contribute to itTMs growth and appeal. DonTMt miss out on this opportunity to invest and enquire today!
Financial Breakdown
Gross rent: £21,000
Lettings fees: £2,100
Net income: £12,684
Gross yield: 11.67%
Net yield: 7.05%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-06969
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