Overview:
Edencroft in Stanley is a 2-bed apartment on the 1st floor offering an incredible opportunity for property investors looking to maximise their returns in the UK’s North East. After a successful renovation, this leasehold property is ready to generate steady rental income, making it an ideal investment.
Property Details:
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Purchase Completed: February 2025
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Open Market Price: Guide Price £55,000 (Failed to sell at auction)
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Agreed Price: £50,000
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Refurbishment Cost: £11,875 (inc. VAT)
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Tenure: Leasehold (Ground Rent £30 per annum – No service fees)
Rent: £8,400 per annum -
Yield (Post-Works): 11.5%
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Leased to a Registered Charity: 3-year renewable lease at £700 p.m. and an annual increase of CPI +1%
Investment Highlights:
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Exceptional Value: Purchased at £50,000 with an £11,875 refurbishment cost, this property offers great value in a rising market.
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High Rental Yield: With a rental yield of 11.5%, this property provides a robust return for investors looking for passive income.
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No Service Fees: The leasehold property only incurs a modest ground rent, keeping ongoing costs to a minimum while generating strong returns.
Perfect For:
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Overseas investors seeking affordable entry into the UK property market with strong rental returns.
Investors are interested in a hassle-free leasehold property with minimal maintenance costs.
For more details or to request further information, please get in touch with us. We are here to guide you through the investment process and help you secure a solid return on your property portfolio.
