2
North East
Yield 8.5%
Refurbished 2-Bed Social Housing Property For Sale on Walter Street, North East
Description
This is a two-bedroom terraced house that has recently undergone a full refurbishment, which took approximately 4–6 weeks to complete. Before the works began, a housing association carried out an inspection and provided a checklist for the build team to follow, ensuring the property met their standards.
Following completion, 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
- Housing Association agreed 25-year lease (£700 per month)
- Social housing/supported living investment opportunity
