GET LATEST INVESTMENTS BY EMAIL

Property investment in Kings Place, Millfield, Sunderland

4 bedroom property

PROPERTY INVESTMENT INFORMATION
Purchase Price £78,000
Stamp Duty @ 3% £2,340
Refurbishment and fees £2,000
Total £82,340
RENTAL & RETURNS
Rent Value £7,800 pa / £650 pm
Gross Return 9.47%
Net Return £6,578 pa / 7.99%
YEARLY EXPENSES
Management Fee - 11% plus vat £1,021.80
Insurance £150
Gas Safety Certificate £50

DESCRIPTION OF INVESTMENT

4 bedroom terraced dormer property located in the sought after area of Millfield in Sunderland. The property has recently undergone major refurbishment including new kitchen & bathroom, new flooring & decor throughout & newly plastered walls. The property briefly comprises of front door leading into the hallway with neutral decoration, lighting & flooring. The property benefits from having a downstairs bedroom. In the centre of the property is the lounge with staircase leading up to 3 double bedrooms & storage cupboard. The brand new kitchen has a range of white wall & floor cupboards with black worktops, integrated oven, gas hob & extractor. The bathroom has a brand new white suite with shower & screen. The property is fully double glazed & has gas central heating with new boiler. There is also a large rear yard with roller shutter, easily able to accommodate at least 2 cars. The property is also ideally located, close to all local amenities including shops, schools & transport links. Currently tenanted at £650pcm

Investment Location Map

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

Interested?

If you are interested in this property, then please complete our form below and we will call you back.