Latest Valuation
£60,000
ROCE
%
Selling Agent
Sourced Wakefield

19% ROI – Low Cost 2 Bed BTL in Tyne and Wear

This investment is close to many local schools and amenities.
Guide Price
£56,000

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Key Features

  • 19% ROI
  • Refinance opportunity, originally valued at £80,000
  • Excellent location for a family let
  • Close to local schools and amenities

The Property

Sourced are proud to present this excellent cost effective buy-to-let property with a huge ROI of 19%.

There is also an opportunity to refinance this property, as it was valued previously at £80,000.

This 2 bedroom, 2 reception room double fronted home is currently being utilised as a 3 bedroom home.

Benefits: low purchase price, great rental figure/month and can pull out capital once refinanced.

Planning Information

N/A

The Plan

Sourced are proud to present this 2 bedroom property, currently being used as a 3 bed.

This is a cost effective buy to let, with a good annual rental return of £6,300.

In need of very light modernisation.

There is also an opportunity to refinance this property, as it was valued previously at £80,000.

This property needs a little updating and then once updated, refinance and rent.

Current valuation: £80,000.

PP: £56,000.

The Location

South Shields Centre is popular area to live for families and also students, as there is a marine college close by.

Excellent location for a family let.

Average estimated value for a house in NE34

£122,712

Rental 1: https://www.rightmove.co.uk/property-to-rent/property-94849442.html

Rental 2: https://www.rightmove.co.uk/property-to-rent/property-94864610.html

Rental 3: https://www.rightmove.co.uk/property-to-rent/property-70492686.html