Terraced House with 13.5% yield
Location: Available on request
The property has recently been modernised to include a new kitchen, bathroom suit, decor and carpets. A new tenant has signed an AST within the past 3 weeks and is paying £450 PCM.
At sub £40,000 – this deal will be open to cash buyers who wish to acquire a passive monthly income of £405 AFTER a management fee has been deducted. This would translate to a NET return on investment of 12.1% per annum.
The seller has recently had the property valued at £45,000 (can provide) and there are comparable sales on the same street at £50,000 from 2019.
There are NO stamp duty costs with this purchase.
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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.