2
North East
Yield 8.5%
Supported Living Investment Opportunity on South Street, North East
Description
This is a two-bedroom terraced house that is currently undergoing renovation, expected completion by the end of June 2025. This was sold before the works had been completed.
The housing association has agreed to a 25-year lease on the property at £700 per month. All repairs and maintenance are covered as part of the agreement.
Investment Overview:
- Purchase Price: £98,823
- Stamp Duty Land Tax: £4,941
- Solicitor Fees: £1600
- Total Cash Required: £105,364
Features
- Rental Income: £700 PCM (Increasing inline with CPI yearly)
- 8.5% net yield expected
- Housing association agreed lease
- Social housing/supported living investment opportunity
