NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
REF_HKI3135
LEASE OPTION
Option Price:
Term:
Option Deposit :
Option Payments:
NET Profit (PCM):
EST. NET PROFIT PA:
YIELD:
No Monthly Option Payments
£50,000
8 Years
£1
£0
£518
£6210
14%
Hotkey Invest are proud to present this fantastic 2 bedroom lease option in Wingate County Durham .
The option to purchase is set over 8 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 property is situated on a lovely road in Wingate.
Comprising of 2 bedrooms, a family living room and kitchen area. It also benefits from a private courtyard and outhouse.
The property is in need of a full refurbishment, a local builder in the area has quoted circa £15,000 for the works to be carried out.
Hotkey Invest have negotiated for no monthly option payments to be paid for the full 8 year term to assist with the refurbishment costs, giving you the opportunity to receive £55,000 in rental income.
The current estimated market value for similar properties in the area after refurbishment is CIRCA £70,000 giving you a 29% discount on the option price. After refurbishment the achievable monthly rent is circa £575.
For more information please speak to a member of the Hotkey Invest team.
Wingate is a village in County Durham, England. Wingate is a former pit village with a mixture of 19th-century, post-war, and more recent housing developments. It was originally inhabited by around 30 farmers before 1839 when coal was discovered.
KEY FEATURES
8 Year Term
Lease option
14% Yield
No monthly option payments
Freehold
Private Courtyard
29% below market value
Assignable
A
FINANCIALS
(based on single family let)
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