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Stunning 2 Bedroom Freehold Maisonette

Property Sales
Property Sales

 

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

Close Field Outside
Close Field Garden
Close Field Garden 2
Close Field Living
Closefield Bedroom 1
Closefield Bathroom
Closefiled Kitchen
Closefield Bedroom 2
Close Field Outside

Local Area Information

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