Complete Property Portfolio of x4 Houses
Location – North East, Durham
Price – £165,000
Key Investment Facts
- Purchase Price £165,000
- Deposit (30%) £49,500
- Rental Income £1,455 pcm
- Mortgage £336.87 pcm
- Management £145.50 pcm
- Net Income £972.63 pcm
- Net ROI 23.60%
Property 1 is a 2 bedroom end of terrace house. Long term tenant in situ. Just 500m from train station with several schools in the area.
Established residential location near Shildon town centre with a market value of between £55,000 – £60,000. Entrance hall, lounge, modern fitted kitchen with a range of wall and floor units. 2 large double bedrooms with built in storage, family bathroom. Externally to the front of the property there is a garden whilst to the rear of the property there is another garden with storage outhouse.
Property 2 is a 2 bedroom mid terraced house fully refurbished in 2017. Recently had works done to the roof and is in a prime location near Stanley town centre.
New tenant at £400 pcm with market value and comparable sales at £60,000.
Briefly comprises of entrance hall, lounge, dining room with double glazed door leading out to the rear yard, modern fitted kitchen. Upstairs there is 2 large bedrooms and bathroom with modern fitted bathroom suite.
Property 3 is a 2 bedroom mid terraced house just 1 mile from Stanley town centre. Completely refurbished throughout during 2018.
The property briefly comprises of entrance, living room with black boiler fire, fitted kitchen with dining space, utility room to rear. Upstairs there are two bedrooms and fitted bathroom. There is a yard to the rear of the property and on street parking.
Finally Property 4, a 2 bedroom mid terraced house just 2 miles east of Bishop Auckland. Tenanted consistently for past 4 years by same tenant who intends to stay.
Briefly comprising, lounge and dining room, 2 double bedrooms, first floor bathroom. Externally there is an enclosed yard to the rear whilst to the front there is a good sized garden. The house has recently been refurbished to include a new kitchen, bathroom, boiler, central heating system and double glazing.
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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.