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Refinance or Flip – Property Only £54k

Location: Aycliffe

Price: £54,000

Discount: £19,000

We have an incredible flip or refinance opportunity at a small price point. Priced at £54,000, following a £6,000 refurbishment the property will worth £75,000 – taking into account direct sale comparables on the same street within the past 12 months.

A 2 Bed property within a pleasant residential area of Newton Aycliffe, a short distance from the Town Centre, Train Station, Business Parks, Schools and other key amenities.

A popular area with constant rental demand, property of which will easily fetch £450 PCM – offering a 9% Yield following works and at least £5,000 profit and scope to refinance.

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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.