House For Sale £440,000
Earn instant income on this already tenanted investment opportunity - not suitable for owner occupiers! Immaculate 3 Bedroom Townhouse With Parking.
Yieldit are pleased to present this immaculate 3 bedroom town house in the sought after Reeds Meadow, Redhill.
Upon entering, the property comprises of: A large living area; modern fully fitted kitchen/diner; access to the large landscaped garden with patio area, which is ideal for BBQ's in the summer months. The first floor comprises of 2 double bedrooms and separate bathroom.
Originally a 2 bedroom property, the current owner has strategically converted the loft space into a 3rd bedroom with walk-in wardrobe and en-suite which also includes a walk-in shower and sky lights in both rooms and eaves storage. There is also one allocated parking space.
Located within walking distance to Redhill Train Station, the property is close to local primary and secondary schools making this a popular development ideal for both families and commuters. Mercers Lake is also within walking distance and Tesco Express is only moments away for any essentials.
Redhill is a popular area for investors offering many of the benefits of London without the hassle that a central location can present, rental demand in Redhill is consistently high. Property prices are almost certain to increase over time too with £40 million being spent on the Marketfield project and improved rail links with a £50 million train upgrade also on its way, allowing easier commutes to London and more Brighton trains to come through. Redhill is a town within the county of Surrey which has a booming economy of over £40bn, larger than Birmingham, Liverpool and Leeds. Furthermore, there are also over 60,000 business located in Surrey, including the 5G innovation centre the world's leading independent testbed leading the way for 5G technologies.
Financial Breakdown
Gross rent: £17,400
Ground rent: £495
Service charge: £0
Lettings fees: £174
Net income: £16,731
Gross yield: 3.95%
Net yield: 3.8%
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-16059
Yieldit are pleased to present this immaculate 3 bedroom town house in the sought after Reeds Meadow, Redhill.
Upon entering, the property comprises of: A large living area; modern fully fitted kitchen/diner; access to the large landscaped garden with patio area, which is ideal for BBQ's in the summer months. The first floor comprises of 2 double bedrooms and separate bathroom.
Originally a 2 bedroom property, the current owner has strategically converted the loft space into a 3rd bedroom with walk-in wardrobe and en-suite which also includes a walk-in shower and sky lights in both rooms and eaves storage. There is also one allocated parking space.
Located within walking distance to Redhill Train Station, the property is close to local primary and secondary schools making this a popular development ideal for both families and commuters. Mercers Lake is also within walking distance and Tesco Express is only moments away for any essentials.
Redhill is a popular area for investors offering many of the benefits of London without the hassle that a central location can present, rental demand in Redhill is consistently high. Property prices are almost certain to increase over time too with £40 million being spent on the Marketfield project and improved rail links with a £50 million train upgrade also on its way, allowing easier commutes to London and more Brighton trains to come through. Redhill is a town within the county of Surrey which has a booming economy of over £40bn, larger than Birmingham, Liverpool and Leeds. Furthermore, there are also over 60,000 business located in Surrey, including the 5G innovation centre the world's leading independent testbed leading the way for 5G technologies.
Financial Breakdown
Gross rent: £17,400
Ground rent: £495
Service charge: £0
Lettings fees: £174
Net income: £16,731
Gross yield: 3.95%
Net yield: 3.8%
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-16059
