2017-16,  7 Levan Walk - Durham

7 Leven Walk, Peterlee, SR8 1HF, Durham, United Kingdom

Ref # : 2017-16

For Sale £ 70 000,00
Here we have 2BED, FREEHOLD, semi-detached house for sale which is tenanted at £500pcm and which delivers a NET ROI of 24% per annum!!

The property comprises of a large Kitchen / Dinner with Lounge, Family bathroom and 2 double bedrooms. Full gas central heating with combination boiler, UPVC Double glazed windows and well maintained patio area to rear.

See photos of the house in it's current state. As you can see it is in immaculate condition throughout.

FIGURES BREAKDOWN

Purchase Price - £70,000

Current Rent pcm -  £500

Management Fee @ 10% plus VAT - £60

Mortgage Deposit 25% - £17,500

Mortgage payment (based on 75% LTV at 2.09% (Rate quoted within last 3

months) - £91.44

NET Monthly income - £348.56

NET RETURN ON INVESTMENT PER ANNUM - 24%

ONE OFF FINDERS FEE OF £3,000 + VAT SECURES THIS DEAL

YOU PAY YOUR LEGAL FEES AND THE SELLER PAYS THEIRS

THERE ARE NO HIDDEN COSTS

Features

Base Information

Bed: 2
Bath: 1

Location

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