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Key selling points
- New 1 bed Apartments for ONLY £59,000!!
- Great Location.. Commuter town.. Great Transport Links!!
- Excellent Rental Potential.. With Parking Included!!
- Strong Capital Growth area!
- Excellent Long-Term Investment
We have sourced a new development of 1 bed apartments in Worksop, North Nottinghamshire. The development is ALMOST SOLD OUT... With ONLY 6 Apartments still remaining!! We have a good relationship with the developers and have worked on other projects with them, thus we have secured the apartments at a really good price... ONLY £59,000!!
Worksop is a vibrant market town located 18 miles North of Nottingham and 8 miles east of Sheffield. Worksop sits very close to the M1 (3 miles from Junction 30 M1). This makes Worksop a great commuter town, where prices are considerably more affordable that in Nottingham and Sheffield, thus prices are continuing to rise very nicely!!
All are leasehold (999 years) with service charge (£570 & ground rent £150 per annum), one allocated parking space, in a private car parking area.
Cash Flow
Purchase price - £59,000
Deposit - £8,850
Rent - £350/month
85% Mortgage at 5.3% - £221/month
Management 10%+vat - £40
Insurance - £0
Service Charge (inc. Insurance) - £58
Net Income - £31
This high yielding investment property will provide a net income of just under £50 a month, after all costs. We source more high yielding buy to let deals in the UK than any other company, and have a proven track record. We regularly feature in the property magazines in the UK, and only source in local hotspots where our local finders operate from, and in areas we invest in ourselves.
This area has excellent rental property and continued strong capital growth offering fantastic value to buy to let investors. As with any property of this type and age we would recommend that investors always allow up to £1000 for points that may be raised in the survey.
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