Property Details


Tenanted Apartments in Pocklington (Near York)

Pocklington

England

Prices From £100,000

Available


GPI are pleased to launch our latest below market value investment opportunity, located in Pocklington,  near York.

We have 12 x 2 bed apartments available exclusively through Global Property Investors and available at 21% BMV.   Pocklington Court was originally built back in 2005 and all apartments are currently tenanted, this means investors can purchase with tenants already in place so rental voids on completion will be zero.

We have confirmed rental figures of £460 pcm which result in gross yields of 7.0%.   This will produce monthly positive cashflow of £242 pcm and the 21% discount secures you instant equity of £21,000 on completion.

Each apartment includes carpets as well as white goods (Oven, hob, fridge)

Location

Pocklington is a Wolds Market Town offering a range of facilities and amenities including shops, schools, banks, sport and art centres, health centre, dental surgeries etc; a greater variety is available in the City of York approximately 13 miles away.

Pocklington lies on the A1079 road, the main arterial route between the cities of York and Hull. The A1079 trunk road between Hull and York along which Pocklington lies is now generally acknowledged to be over-capacity.

Property Summary


  • 12 x 2 Bed Apartments
  • 21% Discount
  • Tenanted
  • Instant Equity –£21,000
  • Allocated Parking Included
  • Rental Yield– 7.0%
  • Good Cashflow – £242 pcm
  • Deposit Recycle Purchase Scheme

Financial Breakdown


Market Price £100,000
GPI Price £79,000
Deposit Required £15,800
Rental Income £460 pcm
Mortgage Costs £218 pcm
Cash Flow Positive £242 pcm
Gross Yield 7.0%