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Property investment in John Candlish Road, Millfield, Sunderland

Tenanted 2 bedroom flat

PROPERTY INVESTMENT INFORMATION
Purchase Price £47,000
Stamp Duty @ 3% £1,410
Refurbishment and fees £1,500
Total £49,910
RENTAL & RETURNS
Rent Value £5,700 pa / £475 pm
Gross Return 11.42%
Net Return £4,753 pa / 9.52%
YEARLY EXPENSES
Management Fee - 11% plus vat £746.70
Insurance £150
Gas Safety Certificate £50

DESCRIPTION OF INVESTMENT

We are pleased to promote this modern 2 bedroom upper floor property in Millfield, Sunderland. Not overlooked, this property has 2 bedrooms, is fully furnished & is in an excellent location close to local schools, shops & transport links. The property briefly comprises of entrance on the ground floor with uPVC front door leading up the stairs to the landing with lounge & master bedroom leading off. The kitchen is to the rear of the property with a range of white floor cupboards, oak effect worktops & freestanding cooker, washer & fridge freezer. The bathroom is fully tiled with a white suite & benefits from having a bath & shower & screen. The property has its own private rear yard, is fully central heated & double glazed. The property is currently tenanted to a long-term tenant at £475pcm

Investment Location Map

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

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