NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE

REF_HKI3126

LEASE OPTION

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
DUE DILIGENCE
FERRYHILL






FINANCIALS

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