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3 Bed First floor Apartment in Cresswell, Northumberland

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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.  
 
3 Bed First floor Apartment in Cresswell, Northumberland
 

 An ideal investment opportunity comprising of a spacious three-bedroom flat freshly renovated to a very high standard. 

The apartment is predicted to rent at £1000PCM or holiday let at £175 per night achieving £15,500 per annum after costs. 

Summary & Financials

Purchase Price - £160,000 
Market Value - £180,000 
 
  •  Stamp Duty - £8,700
  •  Discovery & Processing Fee - £3,995 + VAT (£4,794) 
  • Legals - £1,600 (approx.)

 Total - £175,094 

 Income Figures (Single Let) 

  •  Market Rent -  £1000pm  
  •  Insurance - £20pm 
  •  Property Management - £120pm 
     
    Net profit - £860pm
     
    Income Figures (Holiday Let)  
  •  Headline Rate -  £175 per night  
  •  Net Annual Income -  £25,000 

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! 

✅  Turnkey Refurbished Property  

✅  Market Rent Gross Yield 7.5% or 15.6% Net Yield as Holiday Let 
 
✅  23.9% capital appreciation predicted in next 4 years
  

✅  Below Market Value Freehold Opportunity (market value £180,000)

 

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