Location: Sunderland, Tyne & Wear
Property Type: Terraced House (4 Bed)
Purchase Price: £185,000
Rental Income: £950pcm (existing)
Strategy: Buy To Let
HMO property in the heart of Sunderland town centre with current tenants paying £950pcm until December 2023.
This property recently underwent a brand new refurbishment programme to be converted into a HMO and with that in mind should attract student tenants paying £100pw per room from next year, rents achievable over £1,600pcm with tenants paying their own bills.
Just five minutes walk to the town’s university, the property has had a modern makeover with over £38,000 spent to fully modernise and get up to a high spec.
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