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Property investment in Glencoe Square, Grindon, Sunderland

2 bedroom ex-council house

PROPERTY INVESTMENT INFORMATION
Purchase Price £61,000
Stamp Duty @ 3% £1,830
Refurbishment and fees £3,000
Total £65,830
RENTAL & RETURNS
Rent Value £5,940 pa / £495 pm
Gross Return 9.02%
Net Return £4,962 pa / 7.54%
YEARLY EXPENSES
Management Fee - 11% plus vat £778.14
Insurance £150
Gas Safety Certificate £50

DESCRIPTION OF INVESTMENT

We have a 2 bedroom semi detached property in Glencoe Square, Grindon for sale. Tenanted for the last 3 years at £495pcm this sought after ex-council property benefits from front & rear gardens, modern fitted kitchen & is in an excellent sought after cul-de-sac location. Close to all local amenities including the A19, the property briefly consists of entrance into the hall with stairs & lounge leading off. The lounge at the front of the property has laminate flooring & neutral decoration. The modern fitted kitchen to the rear has a range of wall & floor cupboards with oak effect worktops & integrated fridge, freezer, oven & hob. Upstairs has 2 double bedrooms with modern family bathroom complete with white suite, over bath shower & screen. There is a large rear garden benefiting from new decking area & ample storage. Early offers are recommended.

Investment Location Map

CALL TO DISCUSS THIS INVESTMENT OPPORTUNITY
TODAY ON 0191 435 3348 - 07968 240 786

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