- Tenanted BTL
- Immediate cash flow
- Cash buyers only
- Potential large capital uplift in future
Located within walking distance of Newcastle Central Station, university, college and hospitals. Along with having an array of amenities to include shops, restaurants and public transport links. Cash buyers only.
Purchase price: £165,000
Tenanted at £795pcm
Gross yield: 6.81%
ROCE: 6.47% (based on cash purchase of £140,000 and the upfront costs: SDLT, sourcing fee, sols and insurance and annual rental income of £9,540)
Discounted sourcing fee of only £2,500
An ideal addition to any buy to let portfolio, yielding and cash flowing from day one with great prospects for future capital growth. There is a large amount of investment in the area which will also aid capital growth including the Newcastle Helix: £350m regeneration scheme that aims to create 4000 high tech jobs in Newcastle is being re-branded in a bid to win investment from around the world, Stephenson Quarter: Next stage of £200m Stephenson Quarter aims to bring high-paying jobs Newcastle; Ouseburn: Ambitious plans to transform the heart of Newcastle city centre into a world-class shopping destination have been unveiled.
Selling office: Sourced Rochdale