NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
REF_HKI3102
LEASE OPTION
Option Price:
Term:
Option Deposit:
Option Payments:
NET Profit (PCM):
EST. NET PROFIT PA:
YIELD:
£49,500
10 Years
£1
£210
£285
£3540
13%
Hotkey Invest are proud to present this fantastic 10 year lease option in Birkenhead.
The option to purchase is set over 10 years, 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.
This freehold mid terraced property comprises of 2 bedrooms, a kitchen, bathroom and lounge area.
The property is in need of a moderate refurbishment. The Windows and doors on the property have recently been replaced. We believe once the property has been refurbished it can be rented for CIRCA £550 PCM
The current estimated market value for similar properties in the area is CIRCA £80,000 giving you a 38% discount on the option price.
The property has been approved for a grant of up to £5000 to help with the refurbishment of the property under the Wirral Empty Properties Initiative. The Vendor is happy to assist in applying for the grant upon completion.
Birkenhead is a town in the Metropolitan Borough of Wirral, Merseyside, England; historically, until 1974, in Cheshire. It is on the Wirral Peninsula, along the south bank of the River Mersey, opposite the city of Liverpool. At the 2011 census, it had a population of 88,818. Birkenhead is roughly 3 miles from Liverpool city center. This is accessible by train, foot, taxi or bus
KEY FEATURES
2 Bedrooms
Freehold
3 Miles to Liverpool
13% Yield
10 Year Term
No credit check
No Mortgage required
FINANCIALS
(based on single family let)
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