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