Latest Valuation
£595,000
ROCE
16.7%
Selling Agent
Sourced York

16.7% ROCE – Tenanted Portfolio Investment Opportunity

Portfolio of 11 properties in and around Newcastle
Guide Price
£585,000

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Key Features

  • Direct to Vendor
  • Turnkey Investment
  • Fully Tenanted
  • Close to Amenities
  • Good Transport Links
  • 16.7% ROCE

The Property

A portfolio of 11 leasehold apartments and one freehold 2 bed house.

1 x 2 Bedroom House
2 x 1 Bedroom Lower Flat
3 x 2 Bedroom Lower Flat
4 x 2 Bedroom Upper Flat
1 x 3 Bedroom Upper Flat

All the properties in this portfolio have been refurbished to a high standard and as such are fully tenanted offering a completely hands-free investment opportunity.

This really is a hands-off investment with management and tenants already in place, any investor will benefit from this turnkey opportunity.

With great transport links and local amenities within walking distance, it's easy to see why this portfolio is fully tenanted.

These excellently placed apartments appeal to working professionals looking for a base near the city to call home and with the portfolio being fully managed, any investor can sit back and relax, knowing their investment is making money from day one.

The Financials:

Purchase Price: £585,000
Current Value: £595,000
Sourcing Fee: £11,700
Monthly Rental Income: £3,556
Annual Rental Income: £42,675
Total Cash Investment: £615,250
Purchase Costs: £18,850
ROCE: 16.7%
Gross Yield: 8.8%

Planning Information

N/A

The Plan

With all the properties being ideally located for transport links and local amenities, this portfolio is a totally hands off investment opportunity. Fully tenanted and managed, the net annual rental income of £42,675 can provide a good replacement income.

The Financials:

Purchase Price: £585,000
Current Value: £595,000
Sourcing Fee: £11,700
Monthly Rental Income: £3,556
Annual Rental Income: £42,675
Total Cash Investment: £615,250
Purchase Costs: £18,850
ROCE: 16.7%
Gross Yield: 8.8%

The Location

The properties are located in Newcastle, a city situated on the north bank of the River Tyne in the North East of England.

It lies 103 miles south of Edinburgh and 277 miles north of London.

Newcastle is the largest city in the North East of England and forms part of the Tyneside conurbation, which is the eighth largest urban area in the United Kingdom.

With Newcastle International Airport 20 minutes from the city, its transport links will appeal to commuters and professional people as well as visitors.

Average estimated value for a house in NE28 6NJ

£52,000

Newcastle and the surrounding region have a projected population of almost 2.75 million by 2030 and with a projected £1.5 billion of investment planned in the area, it's easy to see why more and more people are investing in the area.