Property Details


High Yielding, 2 Bed Flat

Whitley Bay

NE26

Prices From £57,000

Reserved


Global Property Investors are pleased to present our latest BMV investment deal located in Whitely Bay, Tyne and Wear.

This two bedroom ground floor flat is well presented throughout and benefits from a modern kitchen and bathroom.

The flat consists of the living room with a gas fire, the kitchen which features an integrated gas hob/electric oven, one spacious double bedroom, one single bedroom and the bathroom which comprises a WC, a hand basin and a bath with an overhead electric shower.

Externally to the front of the property there is on-street parking and to the rear there is an enclosed shared yard.

The property is located within close proximity of local schools and amenities. There are good transport links nearby.

We have been quoted acheiveable rental figure of £475 pcm which results in a gross yield of 10.0%. This will produce positive monthly cash-flow of £318pcm and the 25% discount will secure GPI clients with instant equity of approx £19,000 on completion.

Financial Breakdown


Market Price £76,000
GPI Price £57,000
Deposit £11,400
Rental Income £475
Mortgage Costs £199
Cash Positive £276
Gross Yield 10%