Holland Asset Management are delighted to offer our investors a fantastic investment opportunity to purchase this well priced residential property for only £75,000
Situated in the popular commuter area of North Shields this property will be in high demand by those working in Newcastle who also wish to enjoy the benefits of the Whitley Bay and Tynemouth coastlines in their spare time.
For comparable evidence of the strength of sales and rentals locally please view our reports by accessing the links below:
Seller: https://report.homesearch.co.uk/view/OTEyYzYzYTk2MzZhMzE0NjI0NjJiMTRjZjdkMWNkOWI=
Lettings: https://report.homesearch.co.uk/view/NDM4YzM4Yjc0MTY3MTgwYjIwMmMxYjQ3MDA4ODU2ODI%3D
As you can see there is a severe shortage of rental properties available making this a particularly attractive proposition.
Property Type: 2 Bed Flat
Purchase Price: £75,000
25% Deposit - £18,750
Discovery & Processing Fee: £4,794
Stamp Duty: £3,750
Legals: £1,600
Total Cash in: £28,894
Rental Value: £750 per month
Management: £75 per month
Insurance: £30 per month
Net Profit: £645 per month
With Savills’ predicted growth rate for this area of 28.8% in the next 4 years, and with it being a key hotspot for growth & tourism, 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
