|
Key selling points
- 2 Bed Flat in Really Good Condition for ONLY £70,000
- High Capital Growth Area..
- Great Rental Potential!!
- Deposit Only just over £10,000
We have sourced a 2 bed flat in a very popular residential part of Hamilton. The property is in very good condition throughout. The property comprises: lounge, two bedrooms, kitchen and bathroom. The property also benefits from double glazing, gas central heating and security entry. We would expect a property of this type in this area to let for around £395/month.
Cash Flow
Purchase price - £70,000
Deposit - £10,500
Rent - £395/month
85% Mortgage at 5.5% - £273/month
Management 10% - £40
Insurance - £15
Net Income - £67
This high yielding investment property will provide a net income of £67 a month, after all costs. 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.
The North East 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.
|
