Another great little freehold deal on offer today. This 3 bed mid-terraced house is available at £66,000 to investors & is currently generating £480 PCM rental income.
2 beds on the street have sold for £75,000 – £86,500 over the past 12 months. Ours is a 3 bed so I can confidently state that you’re getting this for an excellent below market value price.
The property has been tenanted by the same individual since 2019 and is currently producing an income of £480 PCM. Based on our estimates, mortgages buyers will be walking away with NET income of over £325 after mortgage and management costs have been deducted.
An ideal mortgage buy, you’ll need only £16,500 for a 25% deposit. This would be a great opportunity for those of you who are looking to refinance and recycle your deposit.
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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.