Latest Valuation
£60,000
ROCE
21.42%
Selling Agent
Sourced Gateshead

10.8% Yield – 2 Bed Tenanted Property in Washington

Two Large Bedrooms
Guide Price
£45,000

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Key Features

  • Two Large Bedrooms
  • Spacious Reception Rooms
  • Double Glazing
  • Modern Kitchen & Bathroom
  • Enclsoed Garden
  • Central Heating

The Property

The property has two bedrooms and is currently tenanted but can be sold untenanted.

The property is located in Washington which is six miles from Newcastle and eight miles from Sunderland.

Washington has all amenities including The Galleries shopping centre, leisure centre schools and has extensive transport links to Newcastle, Sunderland, Durham and beyond.

This freehold property is located adjacent to Nissan and a new business park.

The Financials:

Purchase Price: £45,000
Value: £60,000
Costs: £4,950
Monthly Rental Income: £400
Annual Rental Income: £5,400
ROCE (NET): 20.42%
Yield: 10.8%
Sourcing Fee: £2,000
Total Cash Investment: £16,200

Planning Information

N/A

The Plan

The Financials:

Purchase Price: £45,000
Value: £60,000
Costs: £4,950
Monthly Rental Income: £400
Annual Rental Income: £5,400
ROCE (NET): 20.42%
Yield: 10.8%
Sourcing Fee: £2,000
Total Cash Investment: £16,200

The Location

Washington has all amenities including: The Galleries shopping centre, leisure centre schools and has extensive transport links to Newcastle, Sunderland, Durham and beyond.

Average estimated value for a house in NE37 3AW

£71,445

No property has sold in this location in the last six months but two have sold circa £60,000 in the last two years.

The value above is not accurate.