Modern 2 Bed BMV House – Only £60k
Location: Stanley, County, Durham
We have been advised by our local agent that the open market value of this property is £75,000, making this an excellent value for money purchase.
We can provide a report highlighting all comparable sales and listings for sales of 2 bedroom houses within 1/4 mile of this house over the past 18 months.
Located on a modern development which is roughly 12 years old, in a desirable area for homeowners and renters alike.
The property is advertised to be sold with vacant possession but we have agents on the ground who can help market the property in advance of completion.
The advised market rent is £400 PCM and we anticipate to attract tenants employed in the local area.
You will need a mortgage deposit of only £15,000 to acquire a 75% LTV mortgage, meaning this is an excellent choice for investors wishing to tie up a small amount of capital.
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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.