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Key selling points
- 1 Bed Flat ONLY £51,000!!
- Deposit UNDER £8,000!!
- High Capital Growth Area
- Strong Rental Demand
- IDEAL INVESTMENT OPPORTUNITY
We have sourced a 1 bed ground floor flat in a converted terrace property. The property situated in Wingate, Co. Durham, an area seeing continued strong capital growth, with a constantly rental demand. The property itself has a floor plan briefly comprising of: Entrance hall, lounge (very spacious), bed 1, dining room, kitchen and bathroom. The property also benifits from gas central heating and double glazing. We would expect a property of this type in this area to let for between £300 and £320/month.
Cash Flow
Purchase price - £51,000
Deposit - £7,650
Rent - £320/month
85% Mortgage at 5.5% - £198/month
Management 10% - £32
Insurance - £15
Net Income - £75
This high yielding investment property will provide a net income of £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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