Potential 4-Bed HMO, Sunderland, SR2 7NJ, £90,000

Eden Vale, Sunderland, Tyne and Wear, SR2 7NJ - 8 months ago

Sold STC
Auction
HMO
ROI: 25%
~93 m²

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£28,200

 

 

Cash Out

 

Room Rate

£401

Gross Rent

£1,604

Running Costs/mo

£1,022

Cashflow/mo

£582

Cashflow/yr

£6,981

ROI

25%

Gross Yield

21%













Property History

Listed for £90,000

July 22, 2024

Description

  • Being Sold via Secure Sale online bidding. Terms and Conditions apply. +
  • 3 or 4 bedroom property +
  • Popular residential area +
  • Close to city centre +
  • Off Street Parking +

Currently used as a 4 bedroom HMO with income of £19,250 per annum.

Well presented 3/4 bedroom house depending on the desired configuration.

Briefly comprising; entrance hallway, living room, dining room (or 4th bedroom) and kitchen on the ground floor.

On the first floor are two double bedrooms, a single bedroom and the bathroom.

Externally this property has a rear yard suitable for off street parking.

Council Tax Band: B
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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