Latest Valuation
£670,000
ROCE
30%
Selling Agent
Sourced Uxbridge

30% ROCE – Portfolio of 18 Tenanted, Freehold Properties

5% Below Market Value
Guide Price
£636,500

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Key Features

  • Gross Income £69,000 pa
  • 5% BMV
  • Portfolio 18 Tenanted Freehold Houses
  • County Durham
  • Gross Yield: 10.8%
  • ROCE: 30%

The Property

A portfolio of 18 tenanted and freehold properties, all within a short distance of each other. The portfolio offers 38 bedrooms in total. Comprehensive internally, fitted bathrooms, kitchens and heated throughout...etc. We understand there is scope to add value here. The houses are all tenanted and will provide any investor with a circa £ 69,000 rental income a year.

- There is a managing agent in place
- The vendor selling as they now need funds
- Tenants are up-to-date
- All properties are in good condition
- Must be purchased together
- Viewing can be arranged

Tenure: Freehold
Location: Co Durham
Type Of Property: Terraced
Bedrooms:  38

8 Carlton Street, FERRYHILL County Durham DL17 ODX. 2 Bed House. £35,000 purchase price. £299 rent PCM. 10.3% yield. Freehold

22 Hawthorne Terrace FERRYHILL County Durham DL17 9EP. 2 Bed House. £35,000 purchase price. £325 rent PCM. 11.1% yield. Freehold

7 Wensley Terrace FERRYHILL County Durham DL17 ODA. 3 Bed House. £35,000 purchase price. £299 rent PCM. 10.3% yield. Freehold

51 Arthur Street FERRYHILL County Durham DL17 OPZ. 2 Bed House. £35,000 purchase price. £324 rent PCM. 11.1% yield. Freehold

13 Birch Road FERRYHILL County Durham DL17 9EW. 3 Bed House. £55,000 purchase price. £400 rent PCM. 8.7% yield. Freehold

17 Highcliffe Terrace FERRYHILL County Durham DL17 SAE. 2 Bed House. £45,000 purchase price. £239 rent PCM. 6.4% yield. Freehold

16 Verdun Terrace FERRYHILL County Durham DL17 9LN. 2 Bed House. £35,000 purchase price. £324 rent PCM. 11.1% yield. Freehold

14 Hutton Terrace CROOK County Durham DL15 0DS. 2 Bed House. £35,000 purchase price. £299 rent PCM. 10.3% yield. Freehold

12 Railway Street CROOK County Durham DL15 8HO. 1 Bed House. £35,000 purchase price. £275 rent PCM. 9.4% yield. Freehold

Firwood Terrace Ferryhill Station County Durham DL17 OOH. 2 Bed House. £35,000 purchase price. £250 rent PCM. 8.6% yield. Freehold

10 Kilburn Street SHILDON County Durham DL4 2JY. 2 Bed House. £40,000 purchase price. £399 rent PCM. 12.0% yield. Freehold

16 Stratton Street SPENNYMOOR County Durham DL16 7TW. 2 Bed House. £35,000 purchase price. £349 rent PCM. 12.0% yield. Freehold

30 Dent Street SHILDON County Durham DL4 2DJ. 2 Bed House. £40,000 purchase price. £325 rent PCM. 9.8% yield. Freehold

106 CraddocK Street SPENNYMOOR County Durham DL16 7TD. 2 Bed House. £35,000 purchase price. £325 rent PCM. 11.1% yield. Freehold

77 Station Road East Trimdon Station County Durham TS29 68S. 2 Bed House. £35,000 purchase price. £249 rent PCM. 8.5% yield. Freehold

22 Carlton Street, FERRYHILL County Durham DL17 ODX. 2 Bed House. £35,000 purchase price. £349 rent PCM. 12.0% yield. Freehold

53 Foundry Street SHILDON County Durham DL4 2HF. 3 Bed House. £35,000 purchase price. £399 rent PCM. 13.7% yield. Freehold

16 George Street FERRYHILL County Durham DL17 ODT. 2 Bed House. £35,000 purchase price. £299 rent PCM. 10.3% yield. Freehold

TOTAL £670,000. £5,728 per month rent

Planning Information

N/A

The Plan

Financial Information:

Cash Buyer

Purchase Price: £636,500
GDV: £670,000
Legal Cost: £1,500
Sourcing Fee: £15,000

Total Cost / Cash Buyer: £653,000

Financed Buyer

We have portfolio lenders in place ready to finance
Please note, the final finance offered will be based on your personal circumstances
The figures provided are for typical lending on this type of property

25% Deposit. Loan £477,375. Deposit £159,125
3.5% Interest. Interest-only. Annual £16,708. Monthly £1,392 pm

Total Cash-in:
Deposit: £159,125
Legal Cost: £1,500
Sourcing Fee: £15,000

Total Money Cash-in: £175,625

Cashflow
Total Gross Income £68,736 pa / £5,728 pcm

Less:
Mortgage £16,708 pa / £1,392 pcm

Circa Net Cashflow £52,028 pa
Circa Net Cashflow £4,336 pcm

Gross Yield: 10.8%
Net Yield: 8%

ROCE: 30%

Purchase Price: £636,500
5% BMV

STAMP DUTY
Most properties are below the BTL SDLT threshold of £40,000. You will need to confirm with your solicitor the best way of purchasing to mitigate SDLT by as much as possible.

Sourcing Fee: £15,000
Acts as the reservation fee and held until Exchange
Fully refundable if legal issues with Title discovered that were previously undisclosed, surveyor down values property or has any previously undisclosed adverse comments or if the seller withdraws

Sold As Seen
The development opportunity is sold as seen and all numbers provided are a guide only based on professional opinions and should not be solely relied upon. You must do your own due diligence and seek professional advice if necessary. NUMBERS ARE ONLY A GUIDE YOU MUST DO YOUR OWN DUE DILIGENCE

The Location

Within reach of the A19 which interconnects with all regional centres, local shops, schools and Durham City a mere 10 miles away.

Average estimated value for a house in DL17

£

The average property price in Durham postcode area is £144k. The price of an established property is £133k. The price of a newly built property is £217k. Most properties were sold in the £50k-£100k price range with 1336 (30.2%) properties sold, followed by £100k-£150k price range with 1033 (23.4%) properties sold.