Overview:
This beautifully refurbished 2-bedroom bungalow property in Stanley offers an excellent opportunity for overseas investors seeking high rental yields in the UK's North East. Located in a sought-after residential area, and presents a fantastic return on investment post-renovation.
Property Details:
-
Purchase Completed: December 2024
-
Open Market Price: £115,000
-
Agreed Price: £105,000
-
Refurbishment Cost: £10,505 (inc. VAT)
-
Tenure: Freehold
-
Rent: £10,200 per annum
-
Yield (Post-Works): 8.47%
-
Leased to a Registered Charity: 3-year renewable lease at £850 p.m. and an annual increase of CPI +1%
Investment Highlights:
-
Great Value for Money: Purchased below market price with a total refurbishment cost of £10,505, ensuring the property has been brought up to the highest standards for future tenants.
-
Strong Rental Income: With a rental yield of 8.47%, this property offers an excellent return for investors.
-
Strategic Location: Situated in Stanley, an area with increasing demand for quality rental properties, ensuring high occupancy rates.
Perfect For:
-
Investors seeking high yields in a growing market.
-
Those looking for a freehold property with long-term growth potential.
For more details or to request further information, please contact us today. We are happy to assist you with all aspects of the purchase and renovation process.
