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.
Close to town.
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.