Location: Sunderland, Tyne & Wear
Property Type: Terraced House (4 Bed)
Purchase Price: £180,000
Rental Income: £1,360pcm (existing)
Tenure: Freehold
Status: Tenanted
Strategy: Buy To Let
Tenanted property in Sunderland currently bringing in revenue of £85 per week per room (4 occupiers) until the summer where rent has been agreed from August at £95 per week per room with tenants paying all their own bills.
Close to Sunderland City Centre and the University of Sunderland, the property is in magnificent condition and in an area of high rental demand.
With no council tax to pay, the property is a fully licensed HMO with tenants secured until summer 2024 and comes with the benefit of off street parking.
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Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.
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