Offered for sale with the tenant in situ, this freehold one-bedroom mid-terrace bungalow is an opportunity for a landlord to purchase an already-let property. The current rent of £600 per calendar month amounts to £7,200 a year, giving a gross yield of 13.09% at the £55,000 asking price, before costs. The long-term tenant has indicated that they would like to remain. The property has a spacious lounge, a bay-fronted double bedroom, a fitted kitchen, a bathroom and a private rear courtyard. Gas and electrical safety certificates are to be provided as part of the sale. Personal belongings have been removed from the marketing photographs to protect the tenant's privacy. Viewing arrangements can be made by contacting our local office. If you have a property to sell and would like valuation advice or guidance, please do not hesitate to ask us for assistance. Our fixed price selling fees start from just £1195 + vat on a no sale no fee basis which means you won't pay us anything unless we sell your home! Call us and find out why so many people across Sunderland now choose Good Life to sell their home.
Read more
Offered for sale with the tenant in situ, this freehold one-bedroom mid-terrace bungalow is an opportunity for a landlord to purchase an already-let property. The current rent of £600 per calendar month amounts to £7,200 a year, giving a gross yield of 13.09% at the £55,000 asking price, before costs. The long-term tenant has indicated that they would like to remain. The property has a spacious lounge, a bay-fronted double bedroom, a fitted kitchen, a bathroom and a private rear courtyard. Gas and electrical safety certificates are to be provided as part of the sale. Personal belongings have been removed from the marketing photographs to protect the tenant's privacy. Viewing arrangements can be made by contacting our local office. If you have a property to sell and would like valuation advice or guidance, please do not hesitate to ask us for assistance. Our fixed price selling fees start from just £1195 + vat on a no sale no fee basis which means you won't pay us anything unless we sell your home! Call us and find out why so many people across Sunderland now choose Good Life to sell their home.
Introduction - Offered for sale with the tenant in situ, this freehold one-bedroom mid-terrace bungalow is an opportunity for a landlord to purchase an already-let property. The current rent of £600 per calendar month amounts to £7,200 a year, giving a gross yield of 13.09% at the £55,000 asking price, before costs. The long-term tenant has indicated that they would like to remain.
Entrance Vestibule - A white uPVC double-glazed front door opens into the vestibule, which has wood-effect laminate flooring and houses the electricity meter and fuse box. A part-glazed door leads into the entrance hall.
Entrance Hall - Radiator and doors to the lounge and double bedroom.
Double Bedroom - 4.01m x 3.84m (13'2 x 12'7) - Approx. at widest points and into the bay.
A carpeted, front-facing double bedroom with a white uPVC double-glazed bay window, a double radiator and a ceiling approximately 10ft high.
Lounge - 5.05m x 3.45m (16'7 x 11'4) - Measurements are approx.
A spacious carpeted living room with a double radiator, a rear-facing white uPVC double-glazed window overlooking the courtyard and a feature fireplace with a built-in electric fire. A door leads to the kitchen.
Kitchen - 2.74m x 2.44m (9'0 x 8'0) - Measurements are approx.
Fitted with oak-effect wall and base units, contrasting laminate worktops and a circular stainless steel sink with matching drainer and mixer tap. There is space for a freestanding gas cooker and tall fridge freezer, plus space and plumbing for a washing machine. Wood-effect laminate flooring, radiator, wall-mounted combi boiler and a rear-facing uPVC double-glazed window. A door leads to the rear lobby.
Rear Lobby - Wood-effect laminate flooring, radiator and built-in storage cupboard. A solid uPVC door opens onto the rear courtyard and an internal door leads to the bathroom.
Bathroom - 2.44m x 1.65m (8'0 x 5'5) - Measurements are approx.
White bath with chrome taps and an over-bath shower fed by the combi boiler, washbasin with chrome taps and WC with a low-level cistern. Wood-effect laminate flooring, double radiator, uPVC-clad walls and ceiling, and two uPVC double-glazed windows with privacy glass.
Externally - Private enclosed courtyard with a pedestrian gate to the rear lane for access, including for refuse bins.
Read less