This property has been removed by the agent. It may now have been sold or temporarily taken off the market.
*** SOLD SUBJECT TO CONTRACT IN LESS THAN TWO WEEKS OF MARKETING *** SIMILAR PROPERTY REQUIRED *** NO SALE NO FEE AGENT *** COMPETITIVE FEES AND NO MINIMUM CONTRACT LENGTH *** CONTACT GRAHAM DAVIDSON TO ARRANGE A FREE MARKET APPRAISIAL OF YOUR HOME *** WE PRODUCE VIRTUAL TOURS OF ALL HOMES WE OFFER FOR SALE ***
*** BUY TO LET INVESTMENT *** TENANT ALREADY IN PLACE AND SETTLED IN THE HOME *** 5% GROSS RENTAL YIELD RETURN *** INCOME GENERATING FROM DAY ONE *** PURCHASE WITH AROUND £50,000 INITIAL INVESTMENT WITH THE BALANCE ON A BUY TO LET INTEREST ONLY MORTGAGE ***
Two bedroom semi detached home with a single garage and further driveway parking for two cars in the increasingly popular village of Woodford Halse.
This home is currently tenanted on a standard AST (Assured Shorthold Tenancy) until July 2021 at an agreed rent of £700 PCM. For that reason, the property is only available to property investors looking to acquire a BTL (Buy To Let) investment property. The current rent means that this property returns a healthy 5% PA gross yield return which could be improved even further if purchased using a BTL mortgage of up to 75% of the purchase price.
Using a BTL mortgage, an investor could purchase this great investment with around a £50,000 cash investment with the balance amount taken on an interest only mortgage.
This is an excellent chance to easily acquire a hands off investment that is income generating from day one due to having an existing tenant who is already settled in the home.
The property in more detail comprises of an entrance hall, kitchen, lounge/dining room, first floor landing, two double bedrooms, family bathroom, front and rear garden, single garage and driveway parking for two cars.
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