BWM are pleased to bring this excellent investment opportunity to the market. This extensive , freehold end terrace can be purchased for a 25% deposit on a standard BTL mortgage and then let on a long term end user agreement with G4S. There is minimal refurbishment and as such initial capital outlay is minimised. The return on capital employed is outstanding and we also have no voids for 48 months. This property is yet to come to the market and is offered on a first come basis.
Monthly costs on this property amount to £185( based on a mortgage at 3.99%) whilst income is fixed at £743 pcm. All internal maintenance is covered by G4 and the property is visited on a monthly basis. Normal market rent for a property of this size would be £525 pcm although it could easily be used for student accommodation being a ten minute walk from the main campus. For an outlay of less than £30k you would receive 1st year income of nearly £7k. The initial investment is paid back in just over four years.
This superb four bedroom family home is situated in a popular and sought after location just off Hylton Road, close to shops, schools, Metro Station, Sunderland Royal Hospital, University and with excellent transport links to Sunderland City Centre. Beautifully appointed throughout internal accommodation comprises hallway, lounge,dining room, new kitchen, bedroom and family bathroom. To the first floor there are three double bedrooms . Externally there is an enclosed rear courtyard with gated access. Benefiting from UPVC glazing and gas central heating.
The property has undergone a full refurbishment including a new roof and new boiler.
Please contact REX to register your interest early as this house will generate a lot of interest.