• Type: 3 / 4 bed terrace
• Asking price: £80,000
• Tenure: Freehold
• Refurbishment Required: No
• Sourcing Fee: £3000 plus vat
• Estimated Rental: £550pcm
• Estimated gross rental yield: 8.25%
• Estimated capital appreciation: 4% per annum
This turn-key investment opportunity is part of an off-market portfolio that is being marketed exclusively by Portfolio8. The landlord has decided to sell his entire portfolio due to his age and we have negotiated the properties below market value to provide excellent opportunities for our clients.
Offered to investors with a tenant already occupying the property, giving you the opportunity to commence earning from day one.
Located close to Sunderland City Centre, this area of Millfield is extremely popular due to the wealth of amenities locally and easy access to Sunderland University, Sunderland Royal Hospital and City Centre. The property is also conveniently located for the A1231 road which connects Sunderland to other cities, villages and the A1 motorway.
Sunderland is served by an underground train network, with Millfield underground being the nearest station to this investment property.
Earn from your investment from day one! This exciting opportunity could be the perfect addition to your portfolio!
|Investment - Summary|
|Estimated Rental Income (pcm)||£550.00|
|Annual Rental Income||£6,600.00|
|Investment - Cost Breakdown (Assumed 75% LTV mortgage)|
|Deposit Amount (25%)||£20,000.00|
|Solicitor Fees (approx. £1,000)||£1,000.00|
|Sourcing Fee (£3,000.00 plus VAT)||£3,600.00|
|Total Approx. Costs:||£24,600.00|
|Investment - Cash Flow (Assumed 75% LTV mortage)|
|Gross Revenue Per Month:||£550.00|
|Lettings Fee - 10% plus VAT (fully managed by Portfolio8)||£66.00|
|Mortgage Costs (assumed 4% interest only mortgage)||£200.00|
|Service Charge Per Year||£0.00|
|Total Costs (per month)||£266.00|
|Net Return On Capital Employed||13.85%|