Location: County Durham
The current tenant has been in situ for 4 years. The agent has advised that they intend to stay at the property on a long-term basis. It’s clear that they also keep the property in excellent condition so this looks like a good arrangement for all parties. We have secured the property at £78,995.
There are comparable sales on the same road at £83,000 & £86,000 since 2020 so our price represents good value for an investor. We’ve sourced many properties for our clients in this area over the past few years. It’s an established location where rental properties are in high demand. We also have agents available for you to work with.
This is very much an investment for yield and passive income. A 25% deposit would only amount to £19,750 so you can secure an extra cash flow without tying up too much of your money.
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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.