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Property ID: 217095253
Offers Over
£60,000
Location
Cushycow Lane, Ryton, NE40 3NL
Size
581
Tenure
Leasehold
Bedrooms
2
Type of property
Flat
Current Yield
9.9%
Monthly Income
£495
Property Information

This well-maintained 2-bedroom flat is located in Ryton, within walking distance of various valuable amenities. It is ideal for investors seeking reliable, long-term returns.


This is a brilliant opportunity for investors!


Offering two bedrooms, a lounge, a three-piece bathroom, and a kitchen, this property also benefits from a small, well-maintained garden. Ideally situated close to the high street, highly regarded schools, and excellent public transport links, it presents an ideal home for working professionals.


Investment Details:


The property generates an annual gross income of £5,940, which the new owner could increase to a market rate of £8,364 with tenants currently situated. The purchase price makes it a worthwhile addition to any investor's portfolio.


Please see the Let Property Pack linked below for more details on this property's investment potential.


Tenancy Details:


The current tenants have resided in the property for several years and have consistently paid their rent. They have no intentions of moving out and are keen to remain in the property.


Let Property Sales is committed to facilitating a smooth transaction process. To ensure maximum commitment from both parties, a fully refundable buyer's premium may apply to secure the property. This amount is refunded in the event of non-completion.


Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Letting Agency Fees
Ownership CostsWhat are these?
Calculated Returns
Paisley benefits from an average of 4.5% capital growth. Learn more
Purchase Costs
Based on monthly income of
£495
Cashflow p/m
495
Current Yield
null%
Based on potential rent of
£697
Cashflow p/m
697
Potential Yield
null%
Monthly Income
£495 pcm
Potential Rent
£697 pcm
Length of Tenancy
Moved in within the last 2 years
Tenant Means of Funding
SELF_FUNDED
Area Capital Appreciation Rate
-
Ground Rent
Leasehold
Est. Insurance Costs
unknown
Factor Fees
-
Factor Name
unknown
Total Estimated Costs
unknown
Not available for this property
Not available for this property
Not available for this property
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Running Costs
Ground Rent
Leasehold
Est. Insurance Costs
unknown
Factor Fees
-
Factor Name
unknown
Total Estimated Costs
unknown