Sunderland – £64,000

Net Return – 7

Sunderland – £64,000 Array, Array

64,000

Description

This one bedroom apartment is in a popular residential development within close proximity of Sunderland City Centre. Modern features include: gas fired central heating with radiators run from combination boiler maximising both economy and efficiency, double glazing, integrated kitchen appliances with contemporary fitted units, communal satellite dish, main operated shower and intercom. The property is tenanted on a Assured Shorthold Tenancy at a monthly rent £425 pcm.

This apartment is situated in this popular residential development within close proximity of Sunderland City Centre and excellent transport links provided by bus, road and metro. The property represents an ideal opportunity for first time buyers.

Property Details

Close to town. New windows. Fitted wardrobes. Double glazing. New kitchen. New bathroom.

Investment Calculation

Purchase price: 64,000

Gross annual rental income: £5,100

Property running costs: £762
(Tax, insurance and management costs)

Net annual rental income: £4,338

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 7

Break even in 14.2 Years

Detail

Price: 64,000

Net Return: 7

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