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Property investment in Pensher street Sunderland

1 Bedroom cottage

PROPERTY INVESTMENT INFORMATION
Purchase Price £52,000
Stamp Duty @ 3% £1,560
Refurbishment and fees £1,500
Total £55,060
RENTAL & RETURNS
Rent Value £5,400 pa / £450 pm
Gross Return 9.81%
Net Return £4,508 pa / 8.19%
YEARLY EXPENSES
Management Fee - 11% plus vat £707.40
Insurance £150
Gas Safety Certificate £35

DESCRIPTION OF INVESTMENT

large and spacious 1 Bedroom
Immaculately Presented Throughout
Double Glazed & Private yard
Currently let to a professional long-term tenant
Close to Local Amenities
Good Transport Links

We are pleased to present this newly refurbished 1 bedroom cottage located in Millfield. The property has has been fitted with new flooring,decorated through out new kitchen & new bathroom fitted. The property has a large bedroom to the front with lounge in the centre. The lounge also benefits from new laminate flooring. The kitchen has a range of modern white high gloss wall and floor units, integrated oven, hob & extractor. The bathroom has had a new white suite fitted including overhead electric shower & screen. The flooring in the kitchen, rear lobby & bathroom are ceramic tiles.To the rear there is a secure, private, sun-trap yard. The property is also very close to Sunderland University, transport links, local shops, amenities & a short walk away from Sunderland Town Centre & Sunderland Royal Hospital. The property is currently let, long-term to a working tenant.

 

Please note the curent rent is £450 PCM 

Investment Location Map

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

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