The Crescent, Spalding, PE11 1AE - Let Property Auction

Back

Property ID: 213549601

Monthly Income

£1,000

Current Yield

5.3%

Tenancy status

Tenanted

CapitalAppreciation

+4.5%

Key features

Garden Ground Space
Buy-to-Let Opportunity
Likely to attract enquiries from Serious Investors & Developers
Open Plan Lounge
Long Term Tenant Currently Situated
INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Description

A block of 3 residential 2 bedroom located in Spalding with tenants currently situated. They are currently generating steady, rewarding rental returns for the current landlord.

For investors looking for a rewarding investment, this is a brilliant opportunity!

Flat 1 - 2 bedrooms and 1 bathroom
Flat 2 - 2 bedrooms and 2 bathroom

Investment details

The properties currently produce an annual gross income of £12,000 which could be increased by the new owner to a market rate of £16,800 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Live Property Calculator

Cash Purchase

Mortgage

Purchase Price

Assumed purchase price based on home report value

Stamp Duty Tax

Est. Legal Fees

Monthly Running Costs

What are these?

Calculated Returns

Capital appreciation calculated based on location, property type, and market value. Learn more

Current Rent

Potential Rent

Purchase Costs

Net Rental Income1000/mo

Monthly Capital Appreciation/mo

Total Net Returns/mo

Total ROI

Investment Returns

Current Monthly Rent

£1000 pcm

Current Rental Yield

5.3%

Potential Market Value Rent

£1400 pcm

Potential Rental Yield

7.3%

Estimated Monthly Capital Appreciation

£863

Area Capital Appreciation Rate

+4.5%

Let Property Pre Checks

Tenancy Checks

Tenancy Agreement

Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.

Proof of Rental Income

Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.

Length of Tenancy

Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.

Property Checks

Property Tenure

Verified as Freehold

Property Tenure documentation has been provided to Let Property and has been Verified.

EICR

EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Gas Safety

Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Council Tax Band

Council Tax Band: A

Street View

Interactive street-level view of the property location and surrounding area.

Running Costs

Ground Rent

Freehold

Factor Fees/Running Costs

TBC

Total Estimated Costs

£0.00

Offers Over

£230,000

Location

The Crescent, Spalding, PE11 1AE

Bedrooms

Type of property

Flat

Additional Benefits

Fully Pre Checked by Let Property

Available First Come, First Serve

Over £1 Billion of UK Investment Property Sold.

Enquire for Detailed Returns Breakdown & Investment Documents.

Yearly Net Profit

Include Mortgage Payments

Current Yearly Rent

£12,000.00

Annual Capital
Appreciation

£10,350.00

Yearly Factor Fee /
Service Charge

TBC

Other Yearly Costs

None
Indicated

Annual Net Returns

£22,350.00

Minimum Rent

Minimum Yield

Bedrooms

Type of Property

Minimum Rent

Minimum Yield

Bedrooms

Type of Property

Tenancy Checks

Tenancy Agreement

Proof of Rental Income

Length of Tenancy

Property Checks

Property Tenure

EICR

Gas Safety

Council Tax Band

Additional Benefits