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3 Bed Terraced House For Sale Raby Road, Washington, NE38

£115,000- Terraced

Yield: 6.01%
1 of 14
Yield: 6.01%
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  • Rental Guide: £460 - £580
  • 3 Bedroom(s)
  • Description
  • Street View
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Key Features

  • 3 Bedrooms
  • Mid Terrace
  • Double Driveway
  • Modern Theme Throughout
  • Improved By Current Owners
  • Enclosed Rear Garden
Last Updated: 1st April 2021

Description

FANTASTIC FAMILY HOME

This wonderfully presented three-bed, mid-terraced property is perfectly poised for a range of buyers from growing families to investors alike.

From the moment you enter, you are welcomed to an entrance hall leading towards the spacious living room. Moving through the property we have the open plan kitchen/ dining area complete with floor to wall, high gloss white units.

Moving to the first floor we have the master bedroom, benefiting from integrated wardrobes, two further bedrooms and the family bathroom.

Externally the property boasts off street parking and a private, recently refurbished rear garden.

For further information call Gordon Lamb Washington on[use Contact Agent Button].
Agent Details
Gordon Lamb
Unit 51-52, The Galleries, Washington, NE38 7SD
**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.
5.5

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.
1

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:
£3,450
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 slightly better regular return, when compared to other conservative investments.
6

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

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6.4
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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
3 Bedroom properties in “NE38” are mostly listed between £460 - £580. 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