House For Sale £65,000
Earn instant income on this already tenanted investment opportunity - not suitable for owner occupiers! This excellent two bedroom terraced property is just a 30 minute journey to Middlesborough, enquire today to avoid disappointment.
This wonderful two bedroom terraced house comprises of; entrance hallway leading to a spacious lounge with double glazed window to the front; fully fitted kitchen with all appliances included; staircase leading to the first of the double bedrooms with double glazed window to the front; three piece family bathroom with shower over bath; a second double bedroom with double glazed window.
Located in the beautiful seaside town of Redcar, there is a wealth of local amenities to enjoy. For those who like to take full advantage of the seaside location, there is surfing, windsurfing, fishing or just taking in the incredible views from the top of the 80ft Redcar Beacon! Redcar also offers numerous attractions such as its high street shops, cinema, museums, amusements, famous racecourse and weekly markets. Redcar is also only a 15 minute drive away from Middlesbrough city centre, making it a haven for commuters and really enabling residents to get the best of both worlds. It is no surprise that Redcar is a popular place to live as there is something for everybody!
Now is a fantastic time to be investing in Redcar as it is currently undergoing a huge regeneration which will bring roughly 1,600 jobs to the area. There are plans to create a new Family Adventure Centre which will host trampolining, bowling, a soft play area and cafes with views across the picturesque seafront, a brand new 5-screen cinema and a complete revamp of Redcar Station just to name a few. With the additional rental demand that these developments will bring, alongside its close proximity to Middlesbrough city centre, Redcar's property market is set to keep growing!
Financial Breakdown
Gross rent: £4,800
Ground rent: £0
Service charge: £0
Lettings fees: £461
Net income: £4,339
Gross yield: 7.38%
Net yield: 6.68%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-15633
This wonderful two bedroom terraced house comprises of; entrance hallway leading to a spacious lounge with double glazed window to the front; fully fitted kitchen with all appliances included; staircase leading to the first of the double bedrooms with double glazed window to the front; three piece family bathroom with shower over bath; a second double bedroom with double glazed window.
Located in the beautiful seaside town of Redcar, there is a wealth of local amenities to enjoy. For those who like to take full advantage of the seaside location, there is surfing, windsurfing, fishing or just taking in the incredible views from the top of the 80ft Redcar Beacon! Redcar also offers numerous attractions such as its high street shops, cinema, museums, amusements, famous racecourse and weekly markets. Redcar is also only a 15 minute drive away from Middlesbrough city centre, making it a haven for commuters and really enabling residents to get the best of both worlds. It is no surprise that Redcar is a popular place to live as there is something for everybody!
Now is a fantastic time to be investing in Redcar as it is currently undergoing a huge regeneration which will bring roughly 1,600 jobs to the area. There are plans to create a new Family Adventure Centre which will host trampolining, bowling, a soft play area and cafes with views across the picturesque seafront, a brand new 5-screen cinema and a complete revamp of Redcar Station just to name a few. With the additional rental demand that these developments will bring, alongside its close proximity to Middlesbrough city centre, Redcar's property market is set to keep growing!
Financial Breakdown
Gross rent: £4,800
Ground rent: £0
Service charge: £0
Lettings fees: £461
Net income: £4,339
Gross yield: 7.38%
Net yield: 6.68%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-15633
