NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
NO LONGER AVAILABLE
REF_HKI3217
LEASE OPTION
Option Price:
Term:
Option Deposit :
Option Payments:
NET Profit (PCM):
EST. NET PROFIT PA:
YIELD:
£85,000
5.5 Years
£1
£272
£223
£2676
8%
Hotkey Invest are proud to present this fantastic 5.5 year lease option in Houghton-Le-Spring, County Durham.
The option to purchase is set over 5.5 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 comprises 2 bedrooms, 2 Bathrooms, Living Room, fitted kitchen/ Diner and small courtyard garden.
We understand the property is in good condition and is tenant ready. On estimate we think this property could achieve around £550pcm in rental income. The property is currently untenanted.
Houghton-Le-Spring is a market town in the city of Sunderland, which has it’s recorded origins in Norman time. Historically in County Durham, it is now administered as part of the local government district of the Tyne and Wear, in North East England. It is situated almost equidistant between the cathedral city of Durham 7 Miles southwest and Sunderland about 7 Miles Northeast.
EPC Rating: E39
KEY FEATURES
5.5 Year Term
2 Bedrooms
Freehold
Great Location
Close to Train Station
Close to Primary School
Close to AmenitiesHA
FINANCIALS
(based on single family let)
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