- 3 Bed Upper Flat
- Virtual Freehold (900+ years left)
- No service charge & Ground rent applicable
- EPC C
- Vacant possession
- Nuffield Health Newcastle-upon-Tyne (Nearest Hospital) – 14 mins drive
- Metrocenter (Nearest Train station) – 5 mins drive
- Newcastle University – 12 mins drive
- Purchase price – £62,000
- Estimated End Value – Upto £75,000
- Rent: £700 – £750 pcm
- Refurb: £0
- Yield: 13.5%+
- Total Capital Required: £25,000
- Est. Profit: £416+ P/M (£4995 P/A)
- ROI (Mortgage): 20%+
Some minor works have been identified by our letting agent to achieve the expected rent of £700-750pcm. But we have negotiated for this to be carried out by our build team as part of the sale, but funded by the seller.
Buyer’s premium fee applicable