Stunning 2 Bedroom Freehold Maisonette
Currently Available
We're delighted to present this new investment opportunity for your consideration as a valuable addition to your investment portfolio.
Stunning 2 Bedroom Freehold Maisonette
Our Exclusive Price- £152,000
Market Value - £183,000
Market Rent - £1,000 pcm
Holland Asset Management are delighted to offer our investors a fantastic investment opportunity to purchase this significantly below market value two bedroom maisonette for only £152,000
Situated in the attractive seaside town of Monkseaton (close to Tynemouth & Whitley Bay) this property lends itself well to the residential buy to let and holiday let market. In fantastic condition it makes for a viable turnkey investment for the more hands free property investor.
For comparable evidence that showcases how compelling this opportunity is please visit the following links:
Sales: https://report.homesearch.co.uk/view/ODc5MjZiMGZhZTkxYjNjOTEzOGE1MTZhMjI5ZDkwZTQ=
Rentals: https://report.homesearch.co.uk/view/MTExODNjMTUzNTVlOTZlZTI5ODNmMjlmYjc1OTQzMmI=
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/insight-and-opinion/research-consultancy/residential-market-forecasts.aspx
✅£30,000 Below Market Value
✅Market Rent Gross Yield 7.89%
✅Turnkey Investment – available with tenant in situ
✅26.4% capital appreciation predicted in next 4 years
✅Holiday Let Option @ £150 per night
Summary & Financials
Property Type – Freehold 2 Bedroom Maisonette
Property Condition - Excellent
Purchase Price - £152,000
Market Value - £183,000
Acquisition Costs
- 25% Deposit - £38,000
- Discovery & Processing Fee - £3,995 + VAT (£4,794)
- SDLT - £7,600
- Legals - £1,500
- Mortgage Broker Fees/Valuation - £1,000 (approx.)
Total - £52,894
Monthly Income/Expenditure
- Current Rental Income - £850pm
- Mortgage of £114,000 @ 5.5% = £522.50pm
- Insurance - £30pm
- Property Management @ 10% = £85
- Monthly Profit - £212.50pm
Market Rental Income - £950pm to £1,000pm which would increase the monthly profit to £312.50 or £362.50pm
