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Key selling points
- A SUPERBLY Presented Studio Apartment!!
- Purchase Price ONLY £56,950!!
- Property Comes Currently Tenanted!!
- Very Popular Location!
- Excellent Long-term Investment
- Strong Capital Growth Area
We have sourced a superb studio apartment that is in great condition and comes currently tenanted at £325/month. The 1st floor apartment is situated in a very popular residential area, with strong rental demand. The property is presented to a very high standard throughout and benefits from a recently refitted kitchen with an excellent range of wall and base units, with integral oven and hob. The floor plan briefly comprises of entrance, lounge / bedroom, kitchen, storage area and shower room (recently refitted).
The property comes tenanted at £325/month, with private tenants that wish to stay in the property.
Cash Flow
Purchase price - £56,950
Deposit - £8,542.50
Rent - £325/month
85% Mortgage at 5.3% - £214/month
Management 10% - £33
Insurance - £15
Net Income - £63
This high yielding investment property will provide a net income of just OVER £60 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.
The North East 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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