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House For Sale Kynance Crescent, Rotherham, S60

£4,500

Auction Property
1 of 3
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We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.

Key Features

  • Freehold Commercial Ground Rent Investment
Last Updated: 25th March 2021

Description

** For sale by public auction on 8th April at 12:00 **

Location & Description
An electricity sub-station with a small area of land to the front.
Located adjacent to 39 Kynance Crescent, opposite the junction with Howlett Drive in a residential area about 2 miles south of Rotherham town centre and 6 miles east of Sheffield city centre.

Accommodation
Electricity Sub-Station
The entire property is let to Northern Powergrid (formerly The Yorkshire Electricity Board) for 60 years from 01.02.1966 (about 5 years unexpired) at a fixed ground rent of £5 p.a.



Note
Auction Surveyor: Robert Woolfe
Contact: robert.

EQUIVALENT TO £5 p.a. (ABOUT 5 YEARS UNEXPIRED)
Agent Details
Strettons
11, Kirkdale Road, London, E11 1HP
Show Contact Number
020 8520 9911
**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.
0.0

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 a very poor return.
0

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:
£135
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 lower return, when compared to other conservative investments.
0

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
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Purchase Price
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It may be difficult to get a mortgage offer for this property.
Mortgage
Interest Only / Repayment
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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.
This is the potential achievable yield.
Potential Return-on-Cash Invested