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Sourced Manchester Central

£50k Per Property – 4 Long Lease Investment Opportunities in Middlesbrough

Also, none of these properties have management fees to pay, no void periods and no maintenance to pay for or arrange.
Guide Price
£50,000

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Key Features

  • Upto 8% yield
  • Guaranteed rent until 2029
  • No management fees to pay
  • No maintenance to pay for or arrange
  • No void periods
  • Sensible stable investment

The Property

Sourced are proud to present these rent only properties with a long lease guaranteed for 9 years and yields up to 8%. These properties will add some fantastic stability to your portfolio.

Stainton Street, Middlesbrough property:
Purchase price: £50,000
Sourcing fee: £4,000
Legals: £1,000
Fixtures and fittings: £2,500
Total cost: £57,500
Annual rent: £4,560 guaranteed for 9 years
Yield: 8%

Peaton Street, Middlesbrough property:
Purchase price: £50,000
Sourcing fee: £4,000
Legals: £1,000
Fixtures and fittings: £2,500
Total cost: £57,500
Annual rent: £4,200 guaranteed for 9 years
Yield: 7.3%

Maria Street, Middlesbrough
Purchase price: £50,000
Sourcing fee: £4,000
Legals: £1,000
Fixtures and fittings: £2,500
Total cost: £57,500
Annual rent: £4,200 guaranteed for 9 years
Yield: 7.3%

Beaumont Road, Middlesbrough
Purchase price: £50,000
Sourcing fee: £4,000
Legals: £1,000
Fixtures and fittings: £2,500
Total cost: £57,500
Annual rent: £4,560 guaranteed for 9 years
Yield: 8%

Planning Information

N/A

The Plan

4 properties in Middlesbrough netting upto 8% yields and guaranteed for the next 9 years (2029).

In today's economic climate, having part of your portfolio in these government backed, long lease investment properties is a sensible strategy and will add some great stability to your portfolio.

The Financials:

Purchase price: £50,000 per property
Properties available: 4
Sourcing fee: £4,000
Yield: 7-8%

The Location

Properties in Middlesbrough had an overall average price of £136,847 over the last year.

The majority of sales in Middlesbrough during the last year were semi-detached properties, selling for an average price of £129,365. Terraced properties sold for an average of £75,412, with detached properties fetching £228,700.

Overall, sold prices in Middlesbrough over the last year were similar to the previous year and 4% down on the 2016 peak of £143,144.

Average estimated value for a house in

£

Long lease guaranteed for 9 years and all properties are government backed.

No management fees to pay
No maintenance to pay or arrange
No void periods during the lease

May be an option to extend at the end of the 9 year lease.

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