FERRYHILL, COUNTY DURHAM
3 BEDROOM TERRACED HOUSE
Achievable Rent (pcm):
Gross Profit (pcm):
Hotkey Invest are proud to present a 10 year lease option in Ferryhill, County Durham.
The option to purchase is set over 10 years (a longer term may be considered) , which allows you to secure the property at today’s option price without finance for the option term. This enables you to benefit from potential capital growth as well as surplus rental income during the term.
The option deposit is £1 which will be deducted from the overall purchase price at the time of purchase.
This 3 bedroom property is in need of major modernisation (see photos below). We note the current EPC is F21 therefore, works would need to be carried out prior to any new tenancy. A new EPC would be required which must be E or above prior to any marketing for a tenant.
Once refurbished, we estimate you could potentially benefit from a monthly rent of c. £375 - £450 pcm. Please seek independent advise relating to proposed monthly rents.
The location is Ferryhill in County Durham and benefits being close to local amenities, primary schools and Thrislington National Nature Reserve.
EPC Rating: F21
10 Year Term
£1 Option Deposit
Close to Local Amenties
Ferryhill, County Durham
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
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.