Low Cost Cash Investment – Freehold Only £57,000
2 Bed Terraced House with 9% Yield
Location – Blackhall, County Durham
Price – £57,000
Key Investment Facts
2 bedroom terraced house with stunning sea views
£7,000 below 2018 price
Up to £302 NET monthly positive cash flow
Up to 25.4% NET return on investment per annum
Fully managed by local letting agent
2 bedroom terraced house available for sale in Blackhall, County Durham. This is an ideal opportunity for an investor to secure an immaculately presented rental property. In 2018 the current owner paid £64,000 for the house and has lived at the property since. They need a swift sale due a change in personal circumstances.
Purchase Price: £57,000
Discount Against 2018 Price: £7,000
Mortgage Deposit Required: £14,250
Advised Rental Income: £450 pcm
Mortgage Costs (2.89%): £102.96 pcm
Management Costs: £45 pcm NET Income: £302.04 PCM
NET Return on Investment Per Annum: 25.4%
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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.