Holland Asset Management are delighted to offer our investors a fantastic investment opportunity to purchase this below market value one bedroom apartment for only £115,000!
Situated in the stunning village of Cullercoats this charming property has been well looked after by the previous owners and needs no remedial work making it a turnkey investment for the more hands free property investor.
1 bedroom apartments in this exclusive and stylish tourist location have been selling for up to £169,950 recently and with rental demand remaining high and capital appreciation expected to accelerate this property offers an excellent opportunity. At present it is let to a single tenant however it could easily pivot to a holiday let where £100 per night would easily be achieved on a 65% occupancy basis.
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 & 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
