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Key selling points
- Very Nicely presented 2 bed Property!
- Ready for tenants to move in
- Deposit Just Over £10,000
- Strong Capital Growth Area
- Very Popular Location!
- Excellent Long-term Investment
We have sourced a 2 bed mid-terrace property in the ever Popular North East town of Blackhall, the property is in very good condition and should tenant easily. The property floor plan briefly comprises of: Entrance, lounge, dining room, kitchen (good range of wall and base units), bathroom with corner bath and 2 good size bedrooms. The property also benifits from Gas central heating and Double glazing. We would expect properties of this type and in this area to let for around £90/week, or £390/month.
Cash Flow
Purchase price - £69,500
Deposit - £10,425
Rent - £390/month
85% Mortgage at 5.3% - £260/month
Management 10% - £39
Insurance - £15
Net Income - £76
This high yielding investment property will provide a net income of just OVER £75 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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