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 £525 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. The property is also currently valued at £77,000
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: 74,900
Gross annual rental income: £6,300
Property running costs: £2,055
(Tax, insurance and management costs)
Net annual rental income: £4,245
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 8%