Location: Sunderland, Tyne & Wear
We have secured a 7 bed HMO in an attractive area of Sunderland. The property is fully tenanted and currently producing an income of £37,560 per year.
All 7 tenants are on AST agreements and are in full time employment. Several of the tenants work at the nearby Nissan manufacturing plant which employs 7,000 people.
For those of you purchasing with a 25% deposit (£63,750), we estimate that you could return a NET income of £1,864 pcm. This figure is the amount left after mortgage interest cost, management fees and bills. We’ve offered a rough illustration further down the email.
We will walk you through the sales process step-by-step. This involves helping with the admin side of the sale. We’ll also help put you in touch with the relevant management teams on completion.
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Or call 0115 985 3964 to discuss this deal in person.
Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.
Sherwood Estate Agency Ltd uses all reasonable efforts to ensure that the property information published on the website and in the investment packs and elsewhere are accurate, current and complete at the date of publication; no warranties or representations are made or implied as to the accuracy of such information.