Development Snapshot
Development Overview
We are delighted to offer these 1 and 2 bedroom apartments, set in a beautiful Victorian school building in Blackburn, offered with FREE Legal costs with our specialist panel of Lawyers and FREE Stamp Duty for UK nationals, saving up to £9,000.00 . All of the properties have been selected and fully pre-approved by the local government for assisted living. The properties are suitably equipped and include all furniture and white goods meeting the housing provider standards. These properties are sold fully turnkey, and tenanted from day one, ideal for the ´armchair` investor with a rental income of 10% NET for 25 years. This ethical investment comes with tenant damage and maintenance cover, in a full FRI lease.
Key Facts
- Price from £166,400
- 10% 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
- No void period
- Stress free investing
25 Year Cash Flow Example
- Purchase price £166,400
- Annual income £16,640.00
- Monthly income £1,386.00
- Year 1 rent £16,640.00
- Year 25 rent £
- Lease period 25 years
- Total rent received £
Yield forecast
- Y1 Yield: 10%
- Y25 Yield 24.39%
*Based on an average 3.0% 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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