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Minimum Yield

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Property ID: 214241681
Monthly Income
£460
Current Yield
7.1%
Tenancy status
Tenanted
CapitalAppreciation
+5.7%
Exclusive Investment Grade Opportunity

Our latest listing is a 2-bedroom semi-detached house located in Consett. It is conveniently close to essential amenities, offers strong potential for rental returns, and currently has a tenant in residence.


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


This two-bedroom semi-detached home features a spacious lounge, a kitchen, and a three-piece bathroom. Residents also enjoy the added benefits of private front and rear gardens, along with driveway parking.


Investment details


It currently produces an annual gross income of £5,520 which the new owner could increase to a market rate of £8,160 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 is 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.

Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Calculated Returns
Capital appreciation calculated based on location, property type, and market value. Learn more
Current Rent
Potential Rent
Purchase Costs
Net Rental Income460/mo
Monthly Capital Appreciation/mo
Total Net Returns/mo
Total ROI
Current Monthly Rent
£460 pcm
Current Rental Yield
7.1%
Potential Market Value Rent
£680 pcm
Potential Rental Yield
10.4%
Estimated Monthly Capital Appreciation
£374
Area Capital Appreciation Rate
+5.7%

Tenancy Checks

Tenancy Agreement

Proof of Rental Income documentation has been verified against the rental amount in the Tenancy Agreement by Let Property.

Proof of Rental Income

Recent Proof of Rental Income has been Verified by Let Property.

Length of Tenancy

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

Tenant Means of Funding:

Self Funded

Length of Tenancy information has been provided by the seller as verbal and written confirmation.

Property Checks

Property Tenure

Verified as Leasehold

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.

Council Tax Band

Council Tax Band: A

Interactive street-level view of the property location and surrounding area.

Ground Rent
Freehold
Factor Fees/Running Costs
TBC
Total Estimated Costs
unknown
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Yearly Net Profit
Current Yearly Rent
£5,520
Annual Capital
Appreciation
£1,576
Yearly Factor Fee /
Service Charge
TBC
Other Yearly Costs
None
Indicated
Annual Net Returns
£7,096