3 bed Flat For Sale £90,000
Carley Road, Sunderland, SR5

A pair of Tyneside Flats which briefly comprise of 1 & 2 bedrooms. Currently let on a rolling, full repairing lease to a local housing organisation at £770pcm (£9,240pa). we have been verbally advised that the housing organisation would look to extend the lease with a possible rent increase subject to negotiation.

Located on the outskirts of Southwick, which is a popular buy to let location, given its close proximity to Sunderland City Centre and its excellent range of local amenities which are available on the doorstep. This deal gives the discerning investor a healthy 10% yield with no void periods, and no day-to-day maintenance.

These properties are currently let below market value and we believe the current market rent for the flats would be £450 & 475pcm with this rental increase you could be achieving a yield of 13%