88 Bowes Street, Blyth
Currently Available
We're delighted to present this new investment opportunity for your consideration as a valuable addition to your investment portfolio.
2 Bedroom Terraced House in Blyth
Our Price- £110,000
Market Rental Income - £850pm
Holland Asset Management are delighted to offer our investors a fantastic investment opportunity to purchase this freshly renovated turnkey residential property for only £110,000.
Situated in the thriving industrial town of Blyth this property will be in high demand by blue and white collar workers attracted by the thriving job market supported by the nearby port and upcoming data centre.
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.
With Savills’ predicted growth rate for this area of 26.4% 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!
*reference: https://www.savills.co.uk/
✅Potential Gross Rental Yield – 9.27%
✅Situated in Blyth which is destined for significant growth
✅Strong employment and Regeneration hotspot
✅26.4% capital appreciation predicted in next 4 years
✅Ideal for hands off investor seeking turnkey freshly renovated property
Summary & Financials
Purchase Price - £110,000
25% Deposit - £27,500
Stamp Duty - £5,500
Legal fees - £1,600 (approx.)
Our fees - £4,794
Mortgage Fees - £1,000 (approx)
Tenant Onboarding Fees + Compliance: £1,000 (approx)
Total Cash Required: £41,394
Rental Income: £850pm
Mortgage of £82,500 @ 5% = £344pm
Property Management: £85pm
Insurance: £30pm
Net Profit: £391pm
