REF_HKI3126
FERRYHILL, DL17
2 Bedroom Terraced House
OPTION PRICE:
OPTION PAYMENTS PCM:
OPTION FEE:
TERM:
EST. NET PROFIT PCM:
EST. NET PROFIT PA:
YIELD:
£40,000
£110
£1
11 YEARS
£345
£4145
14%
Hotkey Invest are proud to present this fantastic 11 year lease option in Ferryhill , County Durham.
The option to purchase is set over 11 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 2 bedroom property comprise of 2 bedrooms a living area, bathroom and kitchen/breakfast area. The property also benefits from a private garden.
The property is close to local amenities and main road access.
The property is in need of a refurbishment. we have had a quote from our builder at approximately £7000 for this to be in a rentable condition.
We have the ability to offer a substantial rent free period for this property in order to provide extra equity to the property.
We believe once renovated the property could achieve £495pcm.
The current estimated market value for similar properties in the area is CIRCA £55,000 giving you a 27% discount on the option price.
For more information please contact a member of the Hotkey invest team.
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.
KEY FEATURES
Freehold
2 bedrooms
Great Location
Private Courtyard
14% Yield
11 Year Term
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
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Hotkey Invest,
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.
