Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 4 weeks ago 47
My good friend Kelvin Kingsley has come across an opportunity to purchase a completed 3 bed Town House in County Durham from a repossession company.
Other units on the development have sold in the open market. Two comparable properties are listed on the land registry for having been sold for £120,000. The one remaining unit is being sold for just £79,995 and should return a rental yield of 9%.
Kelvin and I have filled our boots in terms of building our property portfolio’s and certainly in terms of competitive mortgage lending so we thought we would share this deal with anybody who may be interested. It’s a freebie, NO FINDERS FEES! We are not estate agents, just GOOD Landlords sharing for the sake of sharing.
If we were in the market to buy a repossession property, this one would be right at the top of our list as it’s brand spanking new, the rental market looks good, the price is right and the yield is excellent. Not just that, if you buy it with a 70% mortgage and decide to sell it within a few years you could well double you money even if property values don’t rise!
For further details please complete the form below.
Oops! We could not locate your form.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More