County Durham – £74,900

Net Return – 6%

County Durham – £74,900 Array, Array

74,900

Description

This two bedroom terraced house is located in the popular town of Chester Le Street. Chester-le-Street is a town in County Durham, England. Chester-le-Street is located 7 miles (11 km) south of Newcastle upon Tyne and 8 miles (13 km) west of Sunderland on the River Wear. The property is located 0.2 miles away from the towns train station & High Street, 0.3 miles away next to Chester Le Street Hospital, 1 mile away from the A1 Motorway. The A1 is the longest numbered road in the UK, at 410 miles (660 km). It connects London, the capital of England, with Edinburgh, the capital of Scotland. Therefore, the location is excellent for commuters and workers in the area alike. There are also great new tenants in place on a new lease. This property is managed by a great local management company.

 

Property Details

Close to town.

New tenants.

Fitted wardrobes.

Double glazing.

New kitchen.

New bathroom.

Investment Calculation

Purchase price: 74,900

Gross annual rental income: £5,100

Property running costs: £710
(Tax, insurance and management costs)

Net annual rental income: £4,390

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 6%

Break even in 16.6 Years

Detail

Price: 74,900

Net Return: 6%

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