Buy-to-Let: Gateshead

Secured off-market on behalf of a UK based investor, this turn-key buy to let investment property in Gateshead offers stable income and capital growth.

Investment property for sale in Gateshead

Buy-to-Let Investment Property In Gateshead

After meeting with this UK-based investor, it was clear they wanted to focus on building a portfolio for future income but without the hassle or cost of refurbishments.

This 2-bedroom property in Gateshead served as the perfect first-buy for the investor, being tenanted and very well presented throughout. The property had recently undergone a refresh with new kitchen and decoration throughout.

The numbers:

Purchase: £80,000
Deposit: £20,000
Stamp Duty: £2,400
Legals: £1,500
Refurb: £0
Sourcing Fee: £5,000
Total Investment: £28,900

Rent: £700pcm
Mortgage: £250pcm
Management Fee: £96pcm
Net Income: £454pcm
ROI: 18.85%