Property Snapshot
Property Overview
We are delighted to offer this 2 bedroom terraced house in Durham, which has been selected and fully pre-approved by the local government. The property is fully renovated meeting the housing provider standards, offered fully furnished, and ready for supportive living. These properties are sold totally turnkey, ideal for the ´armchair` investor with a rental income of 8.5% over 25 years. This ethical investment comes with tenant damage and maintenance cover, in a full FRI lease.
Key Facts
- Price £98,823
- 2 Bed property
- 8.5% NET return
- £1,000 reservation fee
- 25 Year rental assurance
- CPI linked rents
- Freehold property
- Annual rental review
- Ability to sell at any time
- Tennant damage cover
- Maintenance cover
- Housing association backed
- No void periods
- Stress free investing
25 Year Cash Flow Example
- Purchase price £98,823
- Annual income £8,400
- Monthly income £700
- Yield 8.5%
- Year 1 rent £8,400
- Year 25 rent £13,511*
- Total rent received £269,055*
- Lease period 25 years
Yield forecast
- Year 1 Yield: 8.5%
- Year 25 Yield: 13.67%
*Based on an average 2% inflation per annum
Area Highlights
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Testimonials
I am very busy and do not have much spare time. I needed a company that would deal with everything for me from start to finish. I am pleased to report that 365 Invest delivered all of my expectations. I will use this company again in the future.
I have enjoyed my experience with this company. As a new investor I found the team were very helpful answering my constant questions. Highly knowledgeable and very patient, I felt looked after throughout the entire process. I would highly recommend 365 invest if you are considering investing in property. I am looking forward to a long and lucrative partnership with this company, well done to the team!
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