0 Bed Property For Sale

** Buy to Let Investment Opportunity **. Here we have a BRR property requiring minimal works and offering instant equity potential. The property itself is a 3 bed end-terrace in Houghton - Le - Spring - a convenient commuter town on the outskirts of Sunderland with excellent road links and surrounded by greenery.

For investors seeking attractive returns, entry price affordability and growth potential in a stable northern market, HoughtonleSpring stands out as a great option for solid cashflow opportunities.

Asking price of just 59,000 and a Zoopla estimate of 73,000 further supported by good comparable sold prices in the area.

(Cash purchase)
The financials:
Purchase price : 59,000
GDV: 73,000
Refurb costs: 5,000 (build quote and video available)
Annual profit: 4,762
ROCE: 27% (if re-financing)
Gross yield: 10%

Monthly rent: 625 PCM / 7,500 PA

Please be in touch for further information including works quote from local builder and video.