Freehold House Sale in Catchgate..

The postcode district DH9 has been experiencing annual growth of 16.3% over the last 5 years excluding the effect of inflation. This growth rate tends to indicate a dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth. Over the last 3 months, the average property value for this postcode district has been £93,231.

Freehold House for sale in Stanley, DH9

Fully Tenanted Freehold House with 7.2pct Yield

This investment rental property will be a delight to landlords and investors alike.

An established investor is seeking a quick sale of three freehold houses in Catchgate, Stanley County Durham.

The houses were purchased as new build in 2010 and still have six years of the NHBC warranty remaining. They are fully tenanted with a good yield and reliable tenants.

There is a £10,000 savings off the current prices for an identical property from the same developer.

Investment Summary

Two Bedroom Freehold House
7% Net Yield
Built in 2010
Six Years of NHBC warrantee in place
Market Prices £79,995
Discounted Price £69,995
£10,000 savings
Tenanted for Immediate Income
Market Rents at £425 per Month
Only three houses available for a quick sale!

Act Fast to avoid disappointment!

Best mortgages and Positive Monthly Cash flow

There has hardly been a better time to purchase property; mortgage interest rates are at an all time low. One can obtain buy-to-let mortgages with an initial fixed rate as low as 1.99% rising to 3.99% thereafter.

Based on a 75% loan to value mortgage, the deposit on this property would be £17,500 and the monthly payment conservatively £174.57 (on 3.99% interest only mortgage).

Positive monthly cash flow of £250 is up for grabs. If you include the cost of property insurance, it would be slightly less, but certainly worth exploring.