Location: Birtley, Durham
Property Type: Semi-Detached House (2 Bed)
Purchase Price: £84,000
Rental Income: £575pcm (predicted)
Strategy: Buy To Let
Located just twenty minutes drive from Newcastle-upon-Tyne city centre in the north and Sunderland to the east, this two bed freehold property close to the Angel of the North statue is tenanted producing £575pcm.
The property in good condition also has a driveway, is five minutes drive to the A1 and located in Birtley, near Washington and Chester-le-Street and is valued at over £100,000 so you’ll benefit from a purchase price discount against comparables, up to £20k with rates nearby on similar property prices reaching as much as £105k.
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Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.
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