Clifton Park View is a brand new, high specification development at the heart of Rotherham.The 26 spacious apartments are designed to an excellent specification. The flexible lease and prime location lends itself to multiple rental options for investors. This great location for BTL investors.Key Details:Price: 90,000Rental Income: 9,528 annually (794 pcm)Tenancy: Currently on Short-Term Lets (85% Occupancy)Lease: 999 years (from 2024)Ground Rent: 0Service Charge: 635.93 annuallyNET Yield: 7.2%Features:* Modern 1-Bed Apartment* Ideal for Corporate Lets* Low Service Charge / 0 Ground Rent* Commuter town for Sheffield & Leeds* Close To University & Medical VillageAbout Rotherham:Rotherham is a great location for buy to let investors because it offers a combination of affordability, high rental yields, and strong demand. Rotherham is one of the most affordable places to buy property in the UK, with an average house price well below the national average of 250,000. This means that investors can get more for their money and benefit from lower mortgage costs.Rotherham is a great location for buy to let investors because it offers a combination of affordability, high rental yields, and strong demand. Rotherham is one of the most affordable places to buy property in the UK, with an average house price well below the national average of 250,000. This means that investors can get more for their money and benefit from lower mortgage costs.Tenure: Leasehold (999 years)Ground Rent: 0 per yearService Charge: 635.93 per year
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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