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Key selling points
- Great Location For an Investment Property!!!
- Strong Continued Capital Growth!!
- Deposit just over £11,000!
- Excellent Long-Term Investment!!
- Really Good Condition and ready to let!!
We have sourced a ready to let, 2 bed terrace property in Shotton Co. Durham. The property is in great condition and in an area with constant high rental demand!! The property benefits from double-glazing and gas central heating. The property floor plan briefly comprises of: Entrance vestibule, lounge, kitchen / diner, whilst to the first floor there are two bedrooms and a bathroom. We would expect that this type of property in this area would let for around £390/month.
Cash Flow
Purchase price - £77,000
Deposit - £11,550
Rent - £390/month
85% Mortgage at 5.3% - £289/month
Management 10% - £39
Insurance - £15
Net Income - £46
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.
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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