Refurbished two-bedroom terraced house expecting 8.8% gross yield. Currently vacant and ready for immediate letting in a prime location with the added benefit of off-road parking.
This two-storey property has undergone recent refurbishment to an improved standard, ensuring reduced initial outlay for new investors. The layout includes two lounges, providing flexible living spaces, complemented by a practical but dated galley kitchen.
Situated in a very good location with excellent rental demand, the property benefits from the rare advantage of off-street parking - a feature not too common for Goole rental properties. The area's proximity to schools, the town park, and local amenities ensures consistent demand from quality tenants seeking well-presented accommodation.
Investment Summary:
At £89,000 with expected rental income of £650 per calendar month, this investment delivers an impressive 8.8% gross yield. The recent refurbishment eliminates immediate maintenance concerns while the vacant status allows for immediate letting at current market rates. The combination of prime location, off-street parking, and tenant-focused layout creates a compelling investment with strong rental prospects and reliable returns.
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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