NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
REF_HKI3161
LEASE OPTION
Option Price:
Market Value:
Discount:
Term:
Option Deposit :
Option Payments:
NET Profit (PCM):
EST. NET PROFIT PA:
YIELD:
£40,000
£55,000
27%
9 Years
£1
£110
£304
£3648
14%
Hotkey Invest are proud to present this fantastic 2 bedroom lease option in Peterlee , Sunderland.
The option to purchase is set over 9 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 Horden, Peterlee .
Comprising of 2 bedrooms, a family living room and kitchen area. It also benefits from a private courtyard and outhouse.
We believe the property is in need of a refurbishment. A Local builder in the area has quoted circa £6000 for the works to be carried out.
The current estimated market value for similar properties in the area is CIRCA £55,000 giving you a 27% Discount on the option price. After refurbishment the achievable monthly rent is £450.
For more information please speak to a member of the Hotkey Invest team.
Peterlee is a town in County Durham, England, founded in 1948 under the terms of the New Towns Act 1946. It is located between Sunderland, Hartlepool and Durham
KEY FEATURES
9 Year Term
Lease option
14% Yield
Great Location
Freehold
Private Courtyard
27% below market value
A
FINANCIALS
(based on single family let)
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