Skip to content
properties for sale

2 Bed Groundfloor Apartment in Cresswell, Northumberland

Property Sales
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 - £90pm 
     
    Net 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/insight-and-opinion/research-consultancy/residential-market-forecasts.aspx  

✅  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)     

FRONT OF THE HOUSE
LIVING
BEDROOM 1
BEDROOM 2
KITCHEN
BATHROOM
 

Area Brochure

A deep dive into property market trends and investor insights

Download here 

 

Share this post