Latest Valuation
£314,950
ROCE
34%
Selling Agent
Sourced Uxbridge

34% ROCE – Portfolio 10 of Tenanted Freehold Houses

Must be purchased together
Guide Price
£314,950

Share this page

Message Agent





Key Features

  • ROCE: 34%
  • Gross Yield: 11%
  • Gross Income £35,292 pa
  • Portfolio 10 Tenanted Freehold Houses
  • County Durham
  • No Stamp Duty

The Property

A portfolio of 10 tenanted properties all within a short walk from each other which must be purchased all together. The portfolio offers 22 bedrooms. Not BMV

Off-Market North East Portfolio

Tenure: Freehold
Location: Co.durham
Type Of Property: Terraced
Bedrooms: 22

1. 7 North Road West, WINGATE County Durham TS28 5AP 2 Bed. £35,000 Purchase Price. £350 per month rent. 12.0% Yield. Freehold

2. 8 Cravens Cottages WINGATE CountyDurham TS28 5EQ 2 Bed House £35,000 Purchase Price. £299 per month rent.10.3% Yield.

3. 16 Barwick Street PETERLEE County Durham SR8 3SA 2 Bed House £30,000 Purchase Price. £299 per month rent. 12.0% Yield. Freehold

4. 26 Easington Street PETERLEE County Durham SR8 3LD 2 Bed House £30,000 Purchase Price. £249 per month rent. 10.0% Yield. Freehold

5. 18 Argent Street PETERLEE County Durham SR8 30A 3 Bed House £35,000 Purchase Price. £380 per month rent. 13.0% Yield. Freehold

6. 3 Argent Street PETERLEE County Durham SR8 30A 3 Bed House £30,000 Purchase Price. £299 per month rent. 12.0% Yield. Freehold

7. 23 Easington Street PETERLEE County Durham SR8 3LD 2 Bed House £30,000 Purchase Price. £381 per month rent. 15.2% Yield. Freehold

8. 93 Third Street HORDEN County Durham SR8 4EG 2 Bed House £30,000 Purchase Price. £299 per month rent. 12.0% Yield. Freehold

9. 4 Eleventh Street HORDEN County Durham SR8 4X 2 Bed House £30,000 Purchase Price. £190 per month rent. 7.6% Yield. Freehold

10. 34 Fourth Street HORDEN County Durham SR8 4LD 2 Bed House £30,000 Purchase Price. £195 per month rent. 7.8% Yield. Freehold

TOTAL £315,000 £2,941 per month rent.

Planning Information

N/A

The Plan

Financial Information

Purchase Price: £314,950
Legal Cost: £1,500
Sourcing Fee: £10,000

Refurb: £0
SDLT £0

Total Costs / Cash Buyer: £326,450

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 £236,213. Deposit £78,738
3.5% Interest. Interest-only. Annual £8,268. Monthly £689 pm

Total cash-in;
Deposit £78,738
Legal Cost £1,500
Sourcing Fee £10,000

Money Cash In
Total: £90,238

Cashflow
Total Gross Income £35,292 pa / £2,941 pcm

Less:
Mortgage £8,268 pa / £689 pcm

Circa Net Cashflow £27,024 pa
Circa Net Cashflow £2,252 pcm

Yield-

Gross Yield: 11%
Net Yield: 8.6%

ROCE: 34%

STAMP DUTY £0
All properties below £40,000

SOURCING FEE £10,000
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

All 10 properties are within a short walk from each other.

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 TS28

£

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.