North Shields Opportunity
Currently Available
2 Bedroom Apartment
Our Exclusive Price- £55,000
Market Value - £65,000
Current Rent - £475 pcm
Market Rent - £550pm to £600pm
Situated in the New York area of North Shields this property lends itself well to those working in North Shields or commuting to Newcastle City Centre.
For comparable evidence that showcases how compelling this opportunity is please visit the following links:
Lettings: https://report.homesearch.co.
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 Newcastle
✅ 28.2% capital appreciation predicted in next 4 years
✅ Property in good order with tenant in situ
Summary & Financials
Acquisition Costs
- Purchase Price £55,000
- Discovery & Processing Fee - £3,995 + VAT (£4,794)
- Stamp Duty - £2,500
- Legals - £1,500
Total - £63,794
Monthly Income/Expenditure
- Rent £475 pcm
- Property Management: £57pm
-
Insurance: £20 pmNet Profit - £398pm
