Location: County Durham
FOR SALE: Low priced investment property for sale at only £42,000 with tenant in situ paying £375 PCM. Gross rental yield of 10.7%.
There is an experienced local agent currently managing the property who will mange the property on your behalf.
There are 2 online listings to use as comparables.
One is a 2 bedroom mid terraced property on the market at £56,950 and another is online at £60,000.
Our agent has advised an open market value of between £50,000 – £60,000. High yield, discount and hands off.
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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.