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81 Thompson Road , Sunderland , SR5 2JJ

81 Thompson Road , Sunderland , SR5 2JJ

This large, mid terrace property will be sold at auction but we believe it can be purchased for circa £50k before going to the floor. It will require a complete refurbishment but once completed this property will provide six double bedrooms and 2 x bathrooms.   Please see figures below:
  • Purchase Price £50000.
  • Refurbishment £32000.
  • Fees £7500.
  • Stamp Duty £1500.
  • Legals £1000.
  • Gross outlay £90000.
  • After works value £95000.
  • Funds back on refinancing £71250.
  • Annual rent £12500.
  • Gross Yield 13.3%
  • No maintenance costs

*Please note that annual rent of £12500 is guaranteed by 5-year Government contract.

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This large, mid terrace property will be sold at auction but we believe it can be purchased for circa £50k before going to the floor. It will require a complete refurbishment but once completed this property will provide six double bedrooms and 2 x bathrooms.   Please see figures below:
  • Purchase Price £50000.
  • Refurbishment £32000.
  • Fees £7500.
  • Stamp Duty £1500.
  • Legals £1000.
  • Gross outlay £90000.
  • After works value £95000.
  • Funds back on refinancing £71250.
  • Annual rent £12500.
  • Gross Yield 13.3%
  • No maintenance costs
  • *Please note that annual rent of £12500 is guaranteed by 5-year Government contract.
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