Sunderland - Residential Turnkey Buy to Let

We're delighted to present this new investment opportunity for your consideration as a valuable addition to your investment portfolio.

Purchase Price - £70,000

• 25% Deposit - £17,500
• Reservation Deposit - £2,000 (deducted from final balance on completion)
• Discovery & Processing Fee - £3,995 + VAT (£4,794)
• Legals - £1,500 (approx)
  
• Stamp Duty - £3,500
• Mortgage Fees - £1,000 (approx)
• Remedial Work - £0

Total Cash Needed - £28,294

Rental Income - £550pm

Mortgage @ 5%  - £218.75pm

Insurance - £30pm

Profit - £246.25pm

✅2 Bedroom Terraced Cottage

✅Our Price- £70,000

✅Current Rental Income - £550 per month

✅Potential Rental Income - £595 per month

Holland Asset Management are delighted to offer our investors a fantastic investment opportunity to purchase this turnkey recently renovated buy to let residential property for only £70,000. 

Situated in the thriving regeneration city of Sunderland this residential property is situated in a commuter hotspot within walking distance of the city centre.

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

✅Current Gross Rental Yield – 9.42%

✅Market Rent Gross Yield 10.2%

✅Tenant in Situ for immediate return

✅26.4% capital appreciation predicted in next 4 years

✅Close to City Centre, transport links and all local amenities