This refurbished 2 bedroom mid-terraced house comes with a brand new kitchen/dining room, UPVC double glazing and gas central heating. It has a large lounge, 2 bedrooms and a bathroom/wc. Externally, the property boasts lawned garden with patio area to the front and yard to rear.
This property is located in Hetton Town right next to all of the local amenities, the local school is only five minutes away. Hetton is very centrally located in the Nort h-east, it is just over 16 miles from Newcastle City and 8 miles from the city of Sunderland.
Purchase price: 42,900
Gross annual rental income: £4,500
Property running costs: £1,776
(Tax, insurance and management costs)
Net annual rental income: £2,724
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 10%