REF_HKI3147

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LEASE OPTION

BISHOP AUCKLAND , DL14
2 Bedroom Terraced Property 
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Option Price:

Term:

Discount:

Option Deposit:

Option Payments:

NET Profit (PCM):

EST. NET PROFIT PA: 

YIELD:

*12 Months Payment Free Period*

£35,000

10 Years

30%

£1

£100

£260

£3120

14%

Hotkey Invest are proud to present this opportunity to Purchase this 2 bedroom property on a 10 year lease option in Bishop Auckland.

The option to purchase is set over 10 years, which allows you to secure the properties 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 dwelling is situated in Bishop Auckland.

The property is situated in an ideal location of major cities only 30 miles from Newcastle Upon Tyne 

This 2 bedroom property comprises of 2 double bedrooms, a family kitchen, and large lounge area. 

The property also benefits from a private courtyard.

This property is in need of a refurbishment. We have had a quote from a local builder for the works of CIRCA £6000. 

We believe after this the property could rent for £400pcm. 

The current estimated market value for similar properties in the area is CIRCA £50,000 giving you a 30% discount on the option price. 

We have negotiated a 12 month payment free period to help with the cost of the refurbishment. 

For more information please speak to a member of the Hotkey Invest team.

Bishop Auckland is a market town and civil parish at the River Gaunless's source at a confluence of the River Wear in County Durham, northern England. It is 12 miles from both northwest of Darlington and southwest of Durham.

 

KEY FEATURES

 

2 Bedrooms  

Fantastic transport links

City Links 

Fully Assignable

Private courtyard

No credit check 

No Mortgage required 

14% Yield 

DUE DILIGENCE

BISHOP AUCKLAND

FINANCIALS

(based on single family let)

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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

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DISCLAIMER
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.