6 & 8 Atkinson Terrace , Newcastle upon Tyne , NE4 8QL
8 Atkinson Terrace, Newcastle upon Tyne NE4 8QL, UK
This property offers the buyers a two bedroom and another 3 bedroom flat. They are on separate titles but the freehold also comes with the purchase. The flats are currently on the market for £90k but we suggest a purchase price of £80k and refurbishment and furnishings before letting at a combined rate of £1025 pcm. Please see figures below:
- Purchase Price £80000.
- Refurbishment £14000.
- Fees £7500.
- Legals £1000.
- Gross outlay £102500.
- Annual rent £12300.
- Gross Yield 12.%
- No maintenance costs
*Please note that annual rent of £12300 is guaranteed by 5-year Government contract.
To reserve the above property please CLICK HERE.
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