Property Snapshot
Property Overview
We are pleased to offer this four-bedroom HMO house in Ashington, Newcastle, which has been selected and fully pre-approved by the local government. This house consists of 3 bedrooms, a bathroom and a shared kitchen – living area. The property is fully renovated and includes all furniture and white goods meeting the housing provider standards. These properties are sold fully turnkey, ideal for the ´armchair` investor with a rental income of 11% NET for 25 years. This ethical investment comes with tenant damage and maintenance cover, in a full FRI lease.
Key Facts
- Price £145,363
- 3 Bedroom HMO property
- 11% 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
- Government-backed
- No void periods
- Stress-free investing
25 Year Cash Flow Example
- Purchase price £145,363
- Annual income £15,990
- Monthly income £1,332
- Year 1 rent £15,990
- Year 25 rent £25,719*
- Lease period 25 years
- Total rent received £512,164*
Yield forecast
- Y1 Yield: 11%
- Y25 Yield 19.30%
*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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