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REF_HKI3210

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LEASE OPTION

FERRYHILL, DL17
3 BEDROOM MID TERRACED PROPERTY
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Option Price:

Term:

Option Deposit :

Option Payments:

Tenanted:

NET Profit (PCM):

EST. NET PROFIT PA: 

YIELD:

£20,000

9 Years

£1

£100

No

£350

£4200

27%

Hotkey Invest are proud to present a 9 year lease option in Ferryhill, County Durham.

 

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.

 

The option deposit is £1 which will be deducted from the overall purchase price at the time of purchase.

 

This 3 bedroom property is in need of modernization, the property has recently had works done to the roof and has had new doors fitted.

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Once refurbishment we believe the property could achieve a purchase price circa £60,000 in todays market. 

 

We estimate you could potentially benefit from a monthly rent of £450pcm after the works have been carried out.

 

The location is Ferryhill in County Durham and benefits being close to local amenities, primary schools and Thrislington National Nature Reserve.

EPC Rating: F21

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KEY FEATURES

 

3 Bedrooms  

Good City Links 

Fantastic transport links 

Fully Assignable

Private courtyard  

27% Yield 

Freehold

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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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Hotkey Invest
An experienced and dynamic investment house
here to help you develop your
property investment strategy.
Hotkey Invest Contact Us
Hotkey Invest's Registered office,
44-46 High Street, Wem, Shrewsbury, SY4 5DG
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.
Disclaimer
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