BTL Property in Chilton

This is a 3-bedroom property which has been assigned for a rehoming project with a guaranteed rent for 6 years and a refurbishment before negotiation for increased term or hand back. The management company who is helping the negotiation of this will continue to run this and there fees are built into the financial piece of this. They will also ensure that all certificates are kept up to date.

The house will also be set to the standard for licensing under the the Durham Homes Scheme which is the minimum a house has to be for rental services. Guaranteed rent in an area that is set to see a property boom. This is an investors dream pick.

The financials:
▪ Purchase price: £66,000
▪ GDV: £80,000
▪ Annual profit: £2,340
▪ ROCE: 18%
▪ Yield: 8%

Availability in April

▪ Sourcing fee: £2,500 (reduced fee for quick purchase)

A must add to your portfolio.

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.