Property Details

Riverside Development – Luxury Apartments (Tenanted)

Great Yarmouth, England

United KIngdom

Prices From £135,995


Lounge Shot28 x 2 Bedroom luxury apartments, recently constructed with extensive River Views, UPVC double glazed windows, heat recovery ventilation system, communal lift and secure door entry system.

The apartments comprise of Hallway, Lounge, Kitchen/Diner with fitted units, balcony overlooking the River, Bathroom with bath, basin and WC, 2 double bedrooms, En-suite to master bedroom with shower, basin and WC. Full spec TV and Digital connections throughout.

They are available with a discount of 18.5% below market value (BMV) which will secure the buyer with instant equity of £24,975 on completion. They are currently tenanted at between £610-£630 pcm, producing a gross yield of 6.7%-6.9%.

There are two garages available for an additional £5,000 per garage which will rent for an additional £25 per month. These must be bought for cash but can be added to the lease.

For further information please click the “Downloads” tab and log-in to download the investment brochure

Property Summary

  • Invest from £8,870
  • Luxury 2 Bed Apartments – Tenanted
  • Integrated Appliances
  • High Rental Demand
  • Instant Equity – £25,000
  • Assisted Deposit Finance Available (Subject To Status)

Financial Breakdown

Market Value £135,995
GPI Price £110,025
Deposit Required £2025 - £8775
Estimated Purchase Costs (80% - 75% LTV) £8870 - £15,620
Mortgage £315 - £422 pcm
Cash Positive £208 - £315 pcm