Property Snapshot
Property Overview
We are delighted to offer this new build 3 bedroom, 2 bathroom detached house in Withernsea, Hull, which has been selected and fully pre-approved by the local government for assisted living. The property is suitably equipped 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 12% NET for 25 years. This ethical investment comes with tenant damage and maintenance cover, in a full FRI lease.
Key Facts
- Price £312,000
- New 3 bed property
- 12% NET return
- £5,000 reservation fee
- 25 Year rental assurance
- CPI linked rents 1 -4% increase
- Annual rental review
- Ability to sell at any time
- Tennant damage cover
- Maintenance cover
- Government backed
- Freehold property
- No void periods
- 10 Year NHBC
- Stress free investing
25 Year Cash Flow Example
- Purchase price £312,000
- Annual income £37,440
- Monthly income £3,120
- Year 1 rent £37,440
- Year 25 rent £69,322
- Lease period 25 years
- Total rent received £1.295,561
Yield forecast
- Y1 Yield: 12%
- Y25 Yield 22.22%
*Based on an average 2.6% inflation per annum
Area Highlights
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Testimonials
I was a bit nervous as this was my first investment purchase. I am happy to say that this company was very good with communication and advised me throughout the entire process. I would definitely recommend them, many thanks to 365 Invest in Manchester.
Very easy to work with, informative but not pushy. Great experience all round. Thank you.
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