Price: From £59,500
Here is another great example of an affordable freehold property which will provide you with a high rate of return on your investment.
This price point is ideal for mortgage buyers who are looking to put in a 25% deposit. A fully refurbished house which is offered for sale in immaculate condition. The current owner has installed a new kitchen, bathroom and boiler as well and decorating throughout.
This is a turn-key investment and is ready to rent immediately. If purchased with a 75% LTV mortgage, you’ll need only £14,875 for a deposit.
We have been advised that the property will rent for £450 PCM by a local agent. This would mean that you’ll be walking away with a NET cash flow of over £300 PCM after mortgage and management costs have been deducted.
This will yield a yearly NET return of circa 25% based on your initial £14,875 investment.
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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.