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Property ID: 217442244
Offers Over
£120,000
Location
Benwell Lane, Newcastle upon Tyne
Size
861
Tenure
Freehold
Bedrooms
3
Type of property
Terraced
Current Yield
5.5%
Monthly Income
£550
Property Information

Our latest listing is a 3-bedroom mid-terraced house in Newcastle Upon Tyne. It's conveniently situated near essential amenities, presents excellent rental income potential, and currently has a tenant in place.


For investors looking to expand their portfolio, this is a fantastic opportunity!


This property includes a spacious lounge, a kitchen, and a three-piece bathroom. Residents also benefit from the convenience of on-street parking and private front and rear gardens.


Investment details


It currently produces an annual gross income of £6,600 with tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.


Please see the Let Property Pack linked below for greater details on this property's investment potential.


If you are interested, please call us.


Tenancy Details


The current tenants have been residing in the property for several years and have consistently paid their rent on time. They do not plan to move out and wish to continue their tenancy.


Let Property Sales is committed to facilitating a smooth transaction process. To ensure maximum commitment from both parties to the sale, a fully refundable buyer's premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non-completion.

Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Letting Agency Fees
Ownership CostsWhat are these?
Calculated Returns
Paisley benefits from an average of 4.5% capital growth. Learn more
Purchase Costs
Based on monthly income of
£550
Cashflow p/m
550
Current Yield
null%
Based on potential rent of
£854
Cashflow p/m
854
Potential Yield
null%
Monthly Income
£550 pcm
Potential Rent
£854 pcm
Length of Tenancy
-
Tenant Means of Funding
LOCAL_AUTHORITY_FUNDED
Area Capital Appreciation Rate
-
Ground Rent
Freehold
Est. Insurance Costs
unknown
Factor Fees
-
Factor Name
unknown
Total Estimated Costs
unknown
Not available for this property
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Running Costs
Ground Rent
Freehold
Est. Insurance Costs
unknown
Factor Fees
-
Factor Name
unknown
Total Estimated Costs
unknown