REF_HKI3084

LEASE OPTION

Peterlee, SR8
2 BEDROOM TERRACED HOUSE 

Option Price:

Term:

Option Deposit:

Option Payments:

Achievable Rent (PCM):

NET Profit (PCM):

£65,000

7 Years

£1

£224

£351

£129

Hotkey Invest are proud to present this fantastic 7 year lease option located in Peterlee with good access to Sunderland, Hartlepool and Durham. 

The option to purchase is set over 7 years, which allows you to secure the property at todays 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 property is currently rented to tenants who have been in situ for 2 years, and have not yet had a rent increase. We believe the true rental market value is around £425 for this property. The tenants currently pay this directly to the landlord and therefore there is no management fees.

The option deposit of £1 which will be deducted from the overall purchase price at the time of purchase. 

 

The property comprises of 2 bedrooms a large sitting room, kitchen and courtyard area.

This Property currently has 996 years remaining on the lease. 

Peterlee is a town in County Durham, England, founded as a new town in 1948 under the terms of the New Towns Act 1946. It is located between Sunderland, Hartlepool and Durham.

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KEY FEATURES

Tenanted 

2 Bedrooms 

Great location 

Leasehold

Travel Access

Close to Amenities

DUE DILIGENCE

PETERLEE

FINANCIALS

(based on single family let)

finances.PNG

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

Hotkey Invest
An experienced and dynamic investment house
here to help you develop your
property investment strategy.
Hotkey Invest,
4 High Street, Wem, Shrewsbury, SY4 5AA
DISCLAIMER
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.
 
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