Location: County Durham
We have this 3 bedroom terraced house for sale at the discounted price of £59,995. It’s another great example of a low priced freehold property which will offer you a solid return on your investment.
For mortgage buyers, your initial 25% deposit would be only £15,000.
We estimate that you’ll be walking away with a NET return of £285 PCM based on the current rental income of £425 PCM. This NET figure is after mortgage and management costs.
The tenants have been in occupation for 6 years. The rents haven’t been reviewed for a while and our local agent feels the market rate for this type of property is £475 PCM.
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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.