Property description

** Excellent Investment Opportunity ** £10k refurbishment required; including UPVC double gazing, Heating system & Conversion of Master bed into 2 beds to maximise rental income. Reduced price requires fast sale.

Rental Return = £433 pcm

Professional management 10% = £43.30 pcm

Deposit 20% = £8,000

Refurbishment required = £10,000

Loan 80% LTV with 4% Int Rate = £102.66 pcm

Positive Cash Flow = £283.04 pcm

Return on Capital Invested = 21.8%

Return for Cash Purchase = 10.4%


Figures are for illustration purposes only, please contact a financial adviser who can give you personalised projections

Local area: An excellent time to purchase a Below Market Value property in County Durham
Launching in July 2016, The Eleven Arches project which will feature \‘Kynren - an Epic tale of England\‘ set in the grounds of Auckland Castle, Bishop Auckland. Hailed as a must see attraction, will attract up to 800,000 visitors a year. The £60 Million project to renovate Auckland Castle & Bishop Auckland Market Place is also well underway.Copy & paste this link into your browser for details: www.thisisdurham.com/kynren. In Newton Aycliffe, an £82m Hitachi train factory has been officially opened in September 2015. The Hitachi plant will employ 730 workers assembling high-speed Intercity trains for the East Coast and Great Western main lines. The Prime Minister David Cameron said it was a \"show of confidence\" in the region. \"This is Hitachi\‘s first factory in Europe and their massive investment is a sign of their commitment to the United Kingdom and a real show of confidence in our economy and of confidence in the North East,\"

Approx year built:
1930

Type of property:
Terrace

Structure:
Brick

Roof:
Tile

Tenure:
Freehold

External:
Rear yard

Approx rebuild cost:
£140k for insurance purposes


£1000 Reservation fees apply to begin the purchase process

Property Features :

• Rare to the market Investment Opportunity
• Conv to a 3 bed to maximise Rent
• New DBL glazing & Central heating req
• Refurbishment required
• Val after refurb £75k