6 Railway Street Annfield Plain
Currently Available
2 Bedroom House
Our Exclusive Price- £75,000
Market Value - £80,000
Market Rent - £650 pcm
Situated in the Annfield Plain area of Durham this property lends itself well to those working in Durham, Stanley or Sunderland.
For comparable evidence that showcases how compelling this opportunity is please visit the following links and the further comparables below:
Lettings: https://report.homesearch.co.
Sale Comps
£80k 2 Bed End Terrace
https://www.rightmove.co.uk/
£70K 2 Bed Terrace Needing some work. Smaller as has one less reception room
https://www.rightmove.co.uk/
£75K 2 Bed Terrace Needing some work. Smaller as has one less reception room
https://www.rightmove.co.uk/
Rental Comps
£600 Small dated 2 bed
https://www.rightmove.co.uk/
£625 Small dated 2 bed
https://www.rightmove.co.uk/
With Savills’ predicted growth rate for this area of 28.2% in the next 4 years, and with it being a key hotspot for growth & commercialism, an investor will witness healthy capital appreciation in the years to come!
✅ Commutable to Durham, Stanley & Sunderland
✅ 28.2% capital appreciation predicted in next 4 years
✅ Property recently refurbished to a high standard and rent ready
Summary & Financials
Acquisition Costs
- Purchase Price £75,000
- Discovery & Processing Fee - £3,995 + VAT (£4,794)
- Stamp Duty - £3,750
- Legals - £1,500
Total - £85,044
Monthly Income/Expenditure
- Rent £650 pcm
- Property Management: £78pm
-
Insurance: £20 pmNet Profit - £552pm
