A fantastic opportunity to secure a ground floor flat poised for rental generating £9000 per annum. This ground floor property in South Shields has 2 bedrooms and will be sold with vacant possession. Based on comparables on the same road this property can generate £750pcm from students attending Marine School. With a light refurb required this is a fantastic opportunity for new investors looking for their first investment, or experienced investors looking to add to their portfolio. The yield provided is based om the gross rental yield.

The financials:
▪ Purchase price: £60,000
▪ GDV: £65,000
▪ Refurb costs: £5,000
▪ Annual profit: £5,670
▪ ROCE: 14%
▪ Yield: 15%

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.