£ 65,000
Added: 15/04/2025
Profit pa£5,475
ROCE24%
Yield10%
Strategy: Buy to Let
Deal 63 - Hands-Off BRRR: Northumberland
2-Bed Terraced Home in Northumberland
Key Investment Highlights:
▪ Purchase price: £65,000
▪ GDV: £95,000
▪ Refurb costs: £18,000
▪ Annual profit: £5,475
▪ ROCE: 24%
▪ Gross yield: 10%
▪ Estimated monthly rent: £750
Our All-Inclusive Service:
▪ Property sourcing: We identify and secure profitable investment opportunities.
▪ Finance: We assist with securing competitive financing options.
▪ Refurbishment: Our in-house team handles all renovation and refurbishment work.
▪ Tenant placement: We find reliable tenants and manage the tenancy process.
▪ Property management: We provide comprehensive property management services, including rent collection and maintenance.
Sourced reference: 229482198961425
Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.
Northumberland
Economic Landscape
Agriculture: Farming is a significant part of the local economy, with a focus on livestock and arable farming.
Tourism: The county's natural beauty and historical sites attract a large number of tourists, contributing significantly to the local economy.
Renewable Energy: Northumberland is becoming a key player in renewable energy, particularly in wind and solar power. The region hosts several wind farms and is exploring further opportunities in this sector.
Manufacturing and Industry: While not as dominant as in the past, manufacturing still plays a role, particularly in sectors like engineering and food processing.
Cultural and Educational Institutions
Alnwick Garden: A major tourist attraction and cultural site, known for its beautiful gardens and educational programs.
Kielder Observatory: A center for astronomical research and public education, located in one of the darkest skies in England.
Educational Institutions: While Northumberland itself doesn't have large universities, it is within commuting distance of Newcastle University and Northumbria University.
Transport and Infrastructure
Road Networks: The A1 and A69 are major roads that provide good connectivity within the county and to neighboring regions.
Public Transport: While rural areas may have limited public transport options, towns like Hexham and Morpeth are well-connected by rail and bus services.
Ports: The Port of Blyth is an important facility for cargo and renewable energy projects.
Demographics and Quality of Life
Population: Northumberland has a relatively low population density, with a mix of rural and small urban communities. The largest towns include Berwick-upon-Tweed, Hexham, and Morpeth.
Quality of Life: The county offers a high quality of life with its scenic landscapes, low crime rates, and strong community spirit. However, access to services can be challenging in more remote areas.
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