Sunderland HMO With Rent Rise Potential

Location: Sunderland, Tyne & Wear

Property Type: Terraced House (4 Bed)

Purchase Price: £185,000

Rental Income: £950pcm (existing)

Tenure: Freehold

Status: Tenanted

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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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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