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Property Details
Investment Details
Property Description
An opportunity has arisen to purchase a ready-made, turn-key buy-to-let property presented in amazing condition. The tenants of 7-years have transformed this property into a beautiful home where they wish to stay long- term. The rent is lower than market rent (circa £600pcm), however as the tenants look after the property so well, the landlord has had no maintenance or up-keep to worry about over the years.
The current tenants are able to increase their payments to £500pcm in May 2024 when the current term comes to an end, further improving the ROI and cash flow from your investment. You do, of course, have the option to serve notice and place new tenants, however the current tenants have proved to be the ideal habitants of this property.
Offered to the market at £65,000, you have the option to create a third bedroom and increase the end value to around £85,000! Given the front bedroom has two windows, adding a stud wall to create a third bedroom will be relatively straightforward and add instant value to the property.
The property is sold under auction conditions, so there are certain processes to follow, however we can agree a price outside of auction so you do not bid against anyone else, and you can also instruct a survey before proceeding to pay any deposits etc to ensure you are fully happy before committing. Our sourcing fee has been reduced to offset the auction fees also.
For any questions and more information on this beautiful property, contact us today to discuss in detail.
Property Type
Terrace
Bedrooms
2
Bathrooms
1
Tenure
Freehold
EPC Rating
Sourcing Fee
£4,000
Contact Us
+44 (0)330 1336 189
Reservation Process
Interested in purchasing an investment property listed by Property Guru? Once you have viewed and done your due diligence on the property offered and decided you want to proceed with a purchase you will be asked to sign a 'Sourcing Agreement'. This agreement is in place to protect you as a buyer and Property Guru as a company.
You will be asked to pay 50% of the 'Sourcing Fee' (deposit) upon offer acceptance on your chosen property and 50% upon exchange of contracts of the purchase. The 'Deposit' is refunded to you if the seller withdraws from the sale or if there are significant issues found on survey meaning you cannot proceed with the purchase due to it no longer being a viable investment. Full details are listed in the agreement and we are happy to provide a copy upon request before entering into any agreement.
Disclaimer
Property Guru is not a licensed investment advisor or estate agent and is not authorised by the Financial Conduct Authority to provide investment or financial advice.
Property Guru makes no representations and gives no warranties as to the accuracy of the information provided and potential investors should not rely on it but should take independent legal, financial or other professional advice before entering into any agreement.
For full terms and conditions please visit our Terms and Conditions page. Property Guru is a trading name of Simon Ellis Estates Limited (10844210).