3 BEDROOM TERRACED HOUSE
NET Profit (PCM):
Hotkey Invest are proud to present this fantastic 10 year lease option located in Ferryhill.
The option to purchase is set over 10 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.
This terraced property comprises of 3 bedrooms, kitchen , lounge and bathroom. The property also benefits from a rear courtyard.
We believe the property is in need of a full refurbishment CIRCA £15,000. On estimate we think this property could achieve £395pcm in rental income once renovated. This property is currently untenanted.
We have the ability to offer a substantial rent free period for this property in order to provide extra equity to the property.
We can also offer this property on a rent to buy option, with an increased purchase price and increased monthly payments meaning you would have payed off the property at the end of the term
The option deposit of £1 which will be deducted from the overall purchase price at the time of purchase.
Ferryhill is a town in County Durham, England, with an estimated population in 2018 of 9,362 people, making it the 12th largest town in the county. The town grew very rapidly in the 1900s around the coal mining industry. The last mine closed in 1968. Ferryhill is situated 7 miles south of Durham City and 11 miles north of Darlington
£1 Option Deposit
Close to Amenities
10 Year Lease Option
(based on single family let)
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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.