- 3 Bedrooms
- 2 Reception Rooms
- Modern Kitchen
- Yield 9.73%
- 27% BMV
This discounted off-market property in Bishop Auckland, County Durham offers a fantastic investment opportunity, generating income from day 1. The property is already tenanted. 3 Bedrooms, 2 reception rooms recently refurbished and have management in place, offering a hands-off investment.
Amazing 27% below market value, BTL opportunity.
17.61% ROI managed by estate agency, hands-off investment.
- 3 bed house, £47,000+ fees
- 2 reception rooms
- modern kitchen
- total area: 1127 sq ft (114 sq m)
The property is located within close proximity to all local amenities including schools, shops and transport links.
An extensive public transport system in the area offering access to not only the neighbouring towns and villages but to further afield places such as Darlington, Durham and Newcastle.
The accommodation comprises of entrance hall with a porch, lounge, dining room, fitted kitchen, utility room, three good sized bedrooms, bathroom and enclosed courtyard. Off road parking is also available to the front of building.
Purchase price - £47,000
Valuation - £65,000
Solicitor fee - £1,000
Survey - £1,000
Stamp Duty - £1,140
Initial Investment - £11,750 on a buy to let mortgage.
Sourcing Fee - £2,000
Rent - £425
Mortgage Interest - £137
Insurance - £18
Management Fee – £51
Profit per month - £219 on a buy to Let mortgage.