properties for sale
2 Bed Groundfloor Apartment in Cresswell, Northumberland
Property Sales
Currently Available
We're delighted to present this below market value new residential or holiday let investment opportunity for your consideration as a valuable addition to your investment portfolio.
2 Bed Groundfloor Apartment in Cresswell, Northumberland
An ideal investment opportunity comprising of a spacious two-bedroom flat freshly renovated to a very high standard.
The apartment is predicted to rent at £750PCM or holiday let at £110 per night achieving £15,500 per annum after costs.
Summary & Financials
Purchase Price - £120,000
Market Value - £140,000
- Stamp Duty - £6,000
- Discovery & Processing Fee - £3,995 + VAT (£4,794)
-
Legals - £1,600 (approx.)
Total - £132,394
Income Figures (Single Let)
- Market Rent - £750pm
- Insurance - £20pm
-
Property Management - £90pmNet profit - £640pm
Income Figures (Holiday Let)
- Headline Rate - £110 per night
- Net Annual Income - £15,500
With Savills’ predicted growth rate for this area of 23.9% in the next 4 years, and with it being a key hotspot for growth, tourism & commercialism, an investor will witness healthy capital appreciation in the years to come!
*reference: https://www.savills.co.uk/✅ Turnkey Refurbished Property
✅ Market Rent Gross Yield 7.5% or 12.9% Net Yield as Holiday Let
✅ 23.9% capital appreciation predicted in next 4 years
✅ Below Market Value Freehold Opportunity (market value £140,000)
