properties for sale
3 Bed First floor 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.
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 - £860pmIncome 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)
