Full Description

We have sourced a well presented 2 bed terrace property, situated in an area seeing excellent capital growth and great rental potential. The area Easington Colliery, County Durham is very popular with investors, with property prices still low in comparsion to other areas of the country and rising!! We have managed to Secure this Property Now at a Reduced Price of ONLY £60,000!!! original price £62,000

The property comes with gas central heating and double-glazing. The property floor plan briefly comprises of: Entrance, lounge, kitchen, rear hall, bathroom and 2 good size bedrooms.

We have a Managing Agent in place ready to take care of the initial letting of the property and the on going Management thereafter. We would expect a property of this type to let for around £80/week.

Cash Flow

Purchase price - £60,000

Deposit - £9,000

Rent - £368/month

85% Mortgage at 5.5% - £233/month

Management 10% - £37

Insurance - £15

Net Income - £83

This high yielding investment property will provide a net income of £83 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.