NEWCASTLE UPON TYNE, NE5
3 BEDROOM SEMI-DETACHED HOUSE
Est. Market Value:
Option Payments PCM:
Gross Rental Income PCM:
The option to purchase is set over 5 years, which allows you to secure the property at today’s price without finance for the option term. This enables you to benefit from capital growth as well as potential surplus rental income during the option term. Any investor must purchase the property within the agreed term.
The property comprises of spacious living area, fully fitted kitchen/diner, 3 bedrooms and family bathroom and WC. We understand the property is in good condition throughout.
The property is currently tenanted, achieving £550 pcm therefore, offers an investor and immediate income. The existing tenant has occupied the property for the last c. 9 years and has indicated they wish to continue renting the property and would also be willing to pay the open market rent of £650 pcm. This would needless to say, be negotiated between the investor and tenant during the conveyancing process.
We believe the property could be converted into a 3/4 bed HMO and have been advised by a local HMO management company, the property is located in a strong area for room lets, thus offering higher potential returns to any investor.
4% Below Est, Market Value
Great Transport Links
Newcastle Upon Tyne
FINANCIALS (IF PURCHASED)
* Financials (if purchased) are based on Buy to Let mortgage rates as of 20/01/2020. Please seek independent financial advise.
We insist any interested parties must satisfy themselves as to the accuracy on any information they receive by carrying out independent assessments or otherwise before making any commitment to participate. Click here for full disclaimer
CONTACT HOTKEY INVEST
An experienced and dynamic investment house here to help you develop your property investment strategy.
4 High Street, Wem, Shrewsbury, SY4 5AA
IMPORTANT NOTICE: Hotkey Invest trading name for Hotkey Consultancy Ltd for themselves and for the lessors or vendors of this property whose agents they are give notice that: 1. No appliances, services or service installations have been tested and no warranty as to suitability or serviceability is implied. Any prospective purchaser or lessee is advised to obtain verification from their surveyor or solicitor. 2. The particulars are set out as a general outline only for the guidance of the intended purchasers or lessees and do not constitute, nor constitute part of, an offer or contract. 3. All descriptions, calculations, reference to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or lessees should not rely on them as statements or representation of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them before making any commitment to participate. Calculations have been rounded up or down accordingly. 4. No person in the employment of Hotkey Invest has any authority to make or give any representation or warranty whatsoever in relation to this property. 5. All rentals and prices are quoted exclusive of Stamp Duty, legal and surveyors fees and any other associated purchasers or lessees costs. 6. Floor plans are indicative only and should not be relied on. 7. The map showing the boundary of the property postcode is indicative only and has not been checked against the legal title so should not be relied on. 8. All dimensions, floor areas and site areas are only approximate and should not be relied on. Dimensions are generally maximum room dimensions. 9. Hotkey Invest is not a regulated or licensed investment or financial advisor, therefore please seek independent financial advice. 10. Hotkey Invest is not a property management company for Serviced Accommodation, House of Multiple Occupation, Buy to Let and other, therefore please seek an independent management company before making any commitment to participate. 11. Hotkey Invest cannot be held liable for any losses whatsoever incurred as a result of any decisions made from relying on this report.