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2 Bed Terraced House For Sale South Avenue, Washington, NE37

£70,000- Terraced

Yield: 7.73%
1 of
Yield: 7.73%
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  • Rental Guide: £360 - £455
  • 2 Bedroom(s)
  • Description
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Key Features

  • 2 Bedroom Terraced Property
  • 2 Double Bedrooms
  • Modern Kitchen And Bathroom
  • All Modern And Neutral Inside.
  • Deceptively Spacious
  • Large Rear Garden
  • Close To Local Amenities, Schools And Transport Links
Last Updated: 4th November 2020

Description

Riverside Residential welcome to the sales market this spacious two double bedroom family property located on South Avenue, Concord. Every room is modern, has neutral décor and is ready to move into.

Tastefully decorated throughout, it also enjoys an enclosed front garden and private yard to the rear which can be used for off street parking!

The property also benefits from UPVC double glazing and gas central heating. Internally it briefly comprises: Ground floor - Entrance Hall with stairs to first floor, Lounge and Kitchen. First floor - Two double bedrooms and a single

Entrance Hall - Built in storage cupboard, double glazed door, radiator and stairs to first floor.

Lounge - 15'11" x 12'0" (4.85m x 3.66m) - With wood effect flooring, neutral décor ,UPVC double glazed window, radiator and french doors to the garden

Kitchen - 11'10" x 9'1" (3.61m x 2.77m) - Fitted in range of wall and base units, with space for electric cooker, automatic washing machine and dishwasher, contrasting splash back, one and half bowl sink and drainer, UPVC double glazed window and double glazed door.

1st Floor Landing - UPVC double glazed window

Bedroom One - 12'10" x 9'1"(3.91m x 2.77m ) With neutral décor, carpet flooring, radiator and a UPVC double glazed window overlooking the front of the property.

Bedroom Two - 12'4" x 9'10" (3.76m x 3.00m) - With neutral décor, radiator and a UPVC double glazed window overlooking the front of the property.

Bathroom - 5'7" x 9'3" (1.70m x 2.82m) - Panelled bath, electric shower with screen, wc pedestal and wash hand basin.

External - To the front off-road parking with a low maintenance yard. To the rear a large fully enclosed garden with lawned area and a good sized patio area ideal for outdoor dining.

Location
Ideally located for those who commute being a short drive away to major road networks including the A1 and A19. The property is also in close proximity to Concords main transport depot, and front street which offers a range of shops, eateries and bars.
Agent Details
Riverside Residential Property Services
21a, Lowthian Terrace, Washington, NE38 7BA
Show Contact Number
0191 416 9944
**This report is currently a Beta Test Version. Do not rely on the information provided below.

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been partially classified.
7.2

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
0

Profitability

Good rental demand in this area.
Compared to other property investments this gives an average regular return.
6

Interest Rates

Bank of England Base Rate:
0.1%
Current all-time record low interest rates are making monthly mortgage payments more affordable so more people will buy houses, which will lead to house prices increasing.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages, will lead to steady house price growth.
5

Fiscal Policy

First Home Stamp Duty:
£0
Buy To Let or Second Home:
£2,100
The governments recent policies including, not to add additional tax to this property price band, will be positive for future price growth.
10

Comparison with other investment alternatives

Investing in this property will give you a higher regular return, when compared to other conservative investments.
8

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Rental Data
2 Bedroom properties in “NE37” are mostly listed between £360 - £455. There is limited data on listings in proximity to this property.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested