3 Bed House With 5 Year Rent Guarantee
Location: Chilton, Durham
Key Investment Facts
- Purchase Price £45,000
- Rental Figure P.A. £6,000
- Rental Figure PCM £500
- Management Fee P.A. (8% P.A.) £480
- NET Profit per Annum £5,520
- NET YIELD P.A. 12.26%
This 3 BED property has a 5-year rental guarantee with a supported housing provider. The lease commenced in March 2018 and expires in March 2024. The rent amount which is guaranteed until March 2024 is £500pcm.
The support provider does all repairs which are the responsibility of their tenants and also do the building maintenance as standard e.g roof, gas and plumbing when required and complete the annual safety certificates so those costs are NOT passed onto the landlord.
This 3BED mid-terraced property has been fully refurbished for the support provider to include:
- Baxi Combi Boiler installed 5th September 2014Full-service history
- Newly fitted kitchen and lino flooring by Howdens
- Built-in Fridge Freezer and oven
- Electric shower
- Hard wired heat, smoke and co2 detectors
- All self-closing fire doors which are a requirement of the support provider
- Full compliance checks completed
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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.