Falsgrave Road, Scarborough, YO12

Falsgrave Road, Scarborough, YO12 - Let Property

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Property ID: 225133828

Monthly Income

£1,000

Current Yield

7.1%

Tenancy status

Tenanted

CapitalAppreciation

+4.07%

Key features

Portfolio of 3 Flats
Buy-to-Let Opportunity
2 Tenanted Flats and 1 Vacant Flat
Well-Equipped Kitchen
Spacious Living Spaces
Likely to attract enquiries from Serious Investors & Developers
INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Description

A portfolio of 3 flats located in Scarborough with some tenants currently situated. They are currently generating steady, rewarding rental returns for the current landlord.

For investors looking for a rewarding investment, this is a brilliant opportunity!

The portfolio features 2 one-bedroom flats and 1 two-bedroom flat. The portfolio consists a total of 4 bedrooms, 3 spacious lounges, 3 well-equipped kitchens and 4 bathrooms (two of which are ensuite).

Investment details

The portfolio currently produces an annual gross income of £12,000 with some tenants currently situated and a potential gross income of £23,616 once all units are tenanted. Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

We are committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.

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Purchase Price

Assumed purchase price based on home report value

Stamp Duty Tax

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Calculated Returns

Capital appreciation calculated based on location, property type, and market value. Learn more

Current Rent

Potential Rent

Purchase Costs

Net Rental Income1000/mo

Monthly Capital Appreciation/mo

Total Net Returns/mo

Total ROI

Investment Returns

Current Monthly Rent

£1000 pcm

Current Rental Yield

7.1%

Potential Market Value Rent

£1968 pcm

Potential Rental Yield

13.9%

Estimated Monthly Capital Appreciation

£577

Area Capital Appreciation Rate

+4.1%

Let Property Pre Checks

Tenancy Checks

Tenancy Agreement

Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.

Proof of Rental Income

Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.

Length of Tenancy

Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.

Property Checks

Property Tenure

Verified as Freehold

Property Tenure documentation has been provided to Let Property and has been Verified.

EICR

EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Gas Safety

Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

EPC

EPC documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.