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Property ID: 217458586
Offers Over
£70,000
Location
Coronation St, TS13 4DN
Size
829
Tenure
Freehold
Bedrooms
2
Type of property
Terraced
Current Yield
6.9%
Monthly Income
£400
Property Information

This 2 bedroom terraced house in Saltburn-by-the-Sea offers a prime investment opportunity. It boasts valuable amenities in close proximity, promising rewarding rental returns and a current tenant.


The well-maintained property features two bedrooms, three-piece bathroom, spacious lounge, kitchen and rear garden space.


Investment Details:


The property currently generates an annual gross income of £4,800 which has the potential to be increased to a market rate of £6,840 with the current tenants in place. Considering the purchase price, this investment presents a substantial opportunity for investors seeking to expand their portfolio.


For further details on the property’s investment potential, please refer to the attached Let Property Pack. Should you express interest in this property, please contact us.


Tenancy Details:


The current tenants have consistently paid their rent throughout their tenancy and have no intention of relocating. They are committed to remaining in the property.


Let Property Sales is dedicated to facilitating a seamless transaction process and ensuring mutual commitment from both parties. To secure a property, a fully refundable buyer’s premium may be applied. This premium 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
£400
Cashflow p/m
400
Current Yield
null%
Based on potential rent of
£570
Cashflow p/m
570
Potential Yield
null%
Monthly Income
£400 pcm
Potential Rent
£570 pcm
Length of Tenancy
2 years+
Tenant Means of Funding
SELF_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
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