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Key selling points
- NO FINDERS FEES FOR FIRST 10 BUYERS... Saving £1500!!!
- Outstanding value – from just £55,995
- Low deposits – under £10,000
- High rental returns – gross rentals of 7%
- Area of the country still showing strong capital growth
- Due for completion May 2008
- Conversion finished to excellent standard!!
We have sourced a Development of New Apartments in an up-and-coming area of the East Midlands. We have 20 Apartments available to investors, 1 and 2 Beds. The Apartments are priced at £55,995 for the one bed apartments and £74,995 for the 2 bed apartments.
Located 1 mile West of Mansfield and 8 miles North of Nottingham, Clare Rd, Sutton-in-Ashfield is located in the heart of an emerging and rejuvenated industrial heartland of the northern tip of the East Midlands.
Its close vicinity to an emerging property hotspot – Mansfield..makes this development a very exciting prospect. In addition the local town of Sutton-in-Ashfield is located within a 15 min walk and offers all the well known shops offered by larger towns and cities.
Located only 2 miles from Junction 28 of the M1, the development is only a 20-30 min drive from the usual major centres of employment including Nottingham, Derby, Sheffield, Doncaster & Rotherham, however local employment opportunities are plentiful and increasing
sharply. The development is also located a short 5 min walk from a mainline station which provides direct trains to Nottingham and beyond.
Over the past couple of years a number of small to medium size technology firms have located to the area and have brought a new vibrancy. There is currently another 60,000 sq metres of warehousing & office space currently under construction.
The apartments are contained within six separate two storey (ground & 1 floor) refurbished blocks. All apartments will come fully finished including double glazing, new kitchens, bathroom suites, carpets and white goods including washer/dryer, fridge, cooker and hob. The
blocks are nestled in a large area of grass and trees that on completion will be landscaped and provide pleasant outside space for all residents.
With Huge demand for affordable housing, 30% of the development has already gone to owner occupiers and this is expected to rise to as high as 50%. Thus giving a good balence between owners and investors in the development!!.
Cash Flow (1 Bed example)
Purchase price - £55,995
Deposit - £8,549.25
Rent - £325/month
85% Mortgage at 5.25% - £211/month
Management (service) 10%+vat - £50
Insurance - £15
Net Income - £50
This high yielding investment property will provide a net income of £50 a month, after all costs. We expect these apartments to Go very quickly, So Please make an enquiry today!!
We source more high yielding buy to let deals in the UK than any other company, and have a proven track record. We regularly feature in the property magazines in the UK, and only source in local hotspots where our local finders operate from, and in areas we invest in ourselves.
This area has excellent rental property and continued strong capital growth offering fantastic value to buy to let investors. As with any property of this type and age we would recommend that investors always allow up to £1000 for points that may be raised in the survey.
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