Camborne, TR14 8BB | Investment Property for Sale | VES-TR14-001

Opportunity to puchase a tenanted flat in Camborne, Cornwall generating £5,640 in rent per annum

£87,500

Apartment

VES-TR14-001

INITIAL INVESTMENT

£40,050

GROSS RENT / YIELD

£5,400 / 6.2%

NET RENT / YIELD

£3,870 / 4.4%

The property

TENANCY

Tenanted

TENURE

Share of Freehold

1 bedroom

1 bathroom

1 reception room

TBC

Fully Furnished

Share of Freehold

Tenancy

RENT

£5,400 p.a. / £450 pcm

TENANCY DEPOSIT

£450

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

over 3 years ago

TENANCY AGREEMENT ENDS

10/22/2019

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

Rental Income

GROSS RENT PER ANNUM

£5,400

Equivalent of £450 per calendar month (PCM).

GROSS RENTAL YIELD

6.2%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£3,870

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

4.4%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£1,530

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

About Cornwall

Cornwall is a county in South West England and forms the westernmost part of the South West peninsula of Great Britain. The county is bordered by the Celtic Sea to the north and west, the English Channel to the south and the county of Devon to the east.

This county is served mainly by stations that lie on the Cornish Main Line and provide routes from Penzance to Plymouth. Numerous train stations in this county lie on this line including Plymouth, Devonport, Redruth, Camborne, St Austell and more. Services from these stations provide great links to destinations in the local area as well as all over southern England, London and even further around the Country. Cornwall also benefits from having its own commercial airport which is Cornwall Airport Newquay, which flies to several destinations on the island and a selection of cities in Europe such as Berlin, Alicante and Copenhagen.

The economy of Cornwall is heavily based around the tourism industry, which sees visitors from around the country spend £1.8bn annually. Cornwall’s beautiful scenery and vast miles of beach and cliffs has made it a top destination for tourists and surfers that want to enjoy the fantastic weather. Other tourist attraction in this county include the moorland, country gardens, museums and wooded valley. St Austell has seen a large increase in tourism due to the proximity to the Eden project which attracts one in eight of Cornwall’s visitors. In 2018 this county saw an increase of 20% more visitors. Cornwall’s economy also benefits from the fishing and agriculture with products such as Cornish clotted cream.

Cornwall has a selection of higher education institutions such as the University of Exeter and Falmouth University. This location could also be ideal for families with young children with around 40 secondary schools in the county and a number of primary schools throughout the villages.

Rosewarne Road,

Camborne,

Cornwall,

England,

TR14 8BB

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