- 4 Bed Mid Terrace Property
- Large Size
- Shildon Train station– 4 mins drive
- Primary schools (rated good – outstanding) within close proximity – 3 mins drive
- Durham University – 21 mins drive
- Current Rent: 650pcm
- Yield: 13:8%
- ROI: 11.2% (Cash) – 22.5% (Mortgage)
Two Future Options
1. Potential to keep tenant while increasing rent to £695 pcm. Tenancy commenced April 2024 so can increase rent from Day 1 of your purchase. Yield: 14.7%, ROI: 11.9 – 24.5%
Alternatively, option 2, do a full refurb and increase rent to £800 – £825 pcm. Refurb Quote: £20,430, End Value: £85,000+ (Refinance and leave only £17,000)