Location: South Shields
This 2 bed ground floor flat would make for the idea hands off investment for those of you who are seeking hands off returns of 10% and a below market value discount! We can offer this property for sale at only £41,000.
Since Jan 2020, there have been sales of between £54,000 – £61,000 on direct market comparable properties. This means we can offer you a discount of circa 20%. Tenanted and income producing an income of £380 PCM from day one. The current in has been in situ for 2 years and we understand they intend to stay.
Pay a 10% management fee and walk away with a NET Income of £342! There are NO service charges and only a nominal ground rent to pay plus a 999 year lease.
The property is essentially offered with freehold terms.
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Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.
Sherwood Estate Agency Ltd uses all reasonable efforts to ensure that the property information published on the website and in the investment packs and elsewhere are accurate, current and complete at the date of publication; no warranties or representations are made or implied as to the accuracy of such information.