2 x 2BED Flats near Newcastle – £73,995 – 11% NET yield – FREEHOLD – Fully refurbished!


If you’re looking for a completely hands off, tenanted and fully managed property investment opportunity with the added benefit of a 11% NET rental yield (if buying cash) and a NET ROI of 35% per annum too then this could be the deal for you!

I have 2 x 2BED apartments for sale in Newcastle complete with the FREEHOLD for just £73,995!

BOTH apartments are being completely refurbished top to bottom and this is INCLUDED in the purchase price. The works have already started and will be completed by the end of March 2018 at the very latest.

The works will include the following:
Ground Floor Flat – List of Works

Full Electrical re-wire
New Central Heating System
New Carpets
NEW Décor Throughout
New Kitchen
Bathroom Upgrade
New Doors
First Floor Flat – List of Works

Electrical upgrade
New Central Heating System
New Carpets
NEW Décor Throughout
New Kitchen
New Bathroom Suite
Once the works have been completed the letting agent has tenants lined up at £400 per calendar month, per apartment so £800PCM total.

We estimate the apartments to be worth approximately £40,000 per apartment once the works are completed.

This deal will deliver a NET rental yield of 11% (if buying cash) or if buying with a mortgage will generate a NET ROI of 35% per annum after all deductions, including mortgage which means in under 3 years you will get ALL of your money out of the deal!!

Property Addresses: 486 & 486A Plessey Road, Blyth. NE24 3NJ

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