This two bedroom terraced house is located in the popular town of Hartlepool , 25.03 miles from the centre of Newcastle upon Tyne. There are 8 years remaining on the New Build Warranty Certificate NHBS. The property has been successfully tenanted since the property was first purchased.The rent is £550 pcm. The property includes modern kitchen, bathroom, new central heating system, double gazing and fully carpeted. A fantastic low maintenance property and ready to go investment. This was the former developers show home.
This property benefits from its proximity to the shops and amenities of Hartlepool. It is also only 1.5 miles from the marina with many restaurants and shops.
Purchase price: 79,900
Gross annual rental income: £6,600
Property running costs: £2,085
(Tax, insurance and management costs)
Net annual rental income: £4,515
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 8%