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Key selling points
- 3/4 Bed Terrace Property for ONLY £65,000!!
- Hartlepool- 19% Capital Growth Last 12 months!!
- Great Rental Potential in the area
- Very Well Presented Property
- Deposit UNDER £10,000!!!
- Excellent Long-term Investment!!
We have sourced a 3/4 bedroom terrace property in Oxford road, Hartlepool. This is an area very popular with tenants and owner occupiers alike, thus giving great exit strategy!! Hartlepool has recently been quoted in a BBC property news article as the highest capital growth town in England in the last 12 months, up at 19%. The property has 3 bedrooms, but also an attic room converted, with Velux window. Downstairs: Bathroom, Recently Fitted kitchen and the benifit of Gas Central Heating & UPVC Double-Glazing. The property also benifits from New carpets and is recently redecorated.
The property was last let for £390 pcm giving a yield of around 8%. We would expect the property to let very quickly and again for around £390/month. Our recommended letting agent already has the details of the property and has potential tenants lined up ready move in on completion!!.
Cash Flow
Purchase price - £65,000
Deposit - £9,750
Rent - £390/month
85% Mortgage at 5.3% - £244/month
Management 10% - £39
Insurance - £15
Net Income - £92
This high yielding investment property will provide a net income of just under £100 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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