Sea View Street, Sunderland, SR2 9QX - 10% Rental Yield

£75000.00

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Sea View Street, Sunderland, SR2 9QX - 10% Rental Yield

£75000.00

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Refurbished and Tenanted 1 - Bedroom Mid-terrace Bungalow (with scope to extend S.T.P.P)

Property Details

The property is freehold.
The property briefly comprises of entrance to Lounge, kitchen & bathroom and 1 bedroom.
EPC Rating D
Please note that some of the pictures used are examples of how the rooms will look following refurbishment.
The property will undergo the following work during the refurbishment (all included in the price of the property):
New boiler 5 year warranty
New pitched roof within the last 7 years
New flat roof 5 year warranty
Full Redec and flooring
New bathroom inc decorative wall panels
Refurbished kitchen
There is scope to add a loft conversion and Dormer loft to the property to provide a second bedroom.(subject to planning permission), this would potentially increase both valuation of the property and the monthly rental.

Property Information Pack

Rental figures

This property can be let £600pcm which is £7,200 per annum, which gives a yield of 10%
To find out more please click on the following link - Services Provided by Our Trusted Local Agents

This property is also suitable for serviced accommodation, and if you go down this route the estimated Net rental yield is 12.7%! (as high as 22.6%Net at 100% capacity). As with the standard tenant we will help throught out the process. Please get in contact to see a break down of these figures!

Refurbishment Work

We will ensure that this property is to a minimum of the Durham Decent Homes Standard and as part of the sale we will also provide a warranty to cover any snagging issues on these items free of charge within your first 6 months of ownership.

To find out more please click on the following link - Refurbishment Work.

Location

Sunderland is a great area for rental properties and for first time buyers.
Selective Licence not required.

LINK TO GOOGLE MAPS

To find out more please click on the following link - High Yield Locations in County Durham

THE LAST SIMILAR PROPERTY ON THIS STREET SOLD FOR £93K in JUNE THIS YEAR! --Check out the details on the property information pack (link above)