Wingate – £44,900

Net Return – 9%

Wingate – £44,900 Array, Array

44,900

Description

This two bedroom terraced house is located in Station Town which is just 7.4 miles from the costal town of Hartlepool. The house has just been recently refurbished including new carpets and paint, a brand new kitchen and bathroom and double glazing windows. The management company have already screened the tenants and they will place the tenants once you have closed on the property. This property is managed by a great local management company.

Station Town is a very central location in the North-East of England, it is only 7.4 miles from Hartlepool which is famous for its Marina and it is also just over 10 miles to Durham City and 25 miles from Newcastle.

Property Details

• New carpets. • New windows. • Double glazing. • New kitchen. • New bathroom.

Investment Calculation

Purchase price: 44,900

Gross annual rental income: £4,740

Property running costs: £1,999
(Tax, insurance and management costs)

Net annual rental income: £2,741

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

Return on investment: 9%

Break even in 11 Years

Detail

Price: 44,900

Net Return: 9%

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