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Key selling points
- Studio for ONLY £55,000!!!!
- Deposit Under £9,000....
- Excellent Rental Potential!
- High Capital Growth Area
- Excellent Long-Term Investment
We have sourced a high yielding studio apartment in Chester-le-street, Co. Durham. The property requires some minor modernisation, but should then value higher, more in-line with other properties coming to the market in the area!! The floor plan of the property: Entance Hall way, Lounge (15'7" x 8'9"), Inner Lobby, Shower Room (6'7" x 4'7), Kitchen (6'7" x 6'5"). The rental Market is strong in the area and we would expect a property of this type to let for around £325-£340/month. The property also benifits from a communal garden area. Cash Flow Purchase price - £55,000 Deposit - £8,250 Rent - £340/month 85% Mortgage at 5.5% - £214/month Management 10% (+VAT) - £37 Insurance - £15 Net Income - £69
This high yielding investment property will provide a net income of £69 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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