North East, various postcodes | Investment Property for Sale | VES-DH5-002A

Opportunity to purchase a 5-unit portfolio generating £23,758 rent pa & 7.1% gross yield

£334,500

5-unit Portfolio

VES-DH5-002A

INITIAL INVESTMENT

£100,160

Based on

deposit: £83,625

stamp duty: £10,035

mortgage fees: £1,500

conveyancing fees: £5,000

GROSS RENT

£23,758

GROSS YIELD

7.1%

ADD TO FAVOURITES

The portfolio

TENURE

Freehold

NO OF UNITS

5

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

3,958

PRICE SQ FT

£85

The vendor is open to selling individual units, please get in touch if you are interested.

Portfolio information

  • Well-established portfolio over 14 years
  • Made up of 5 freehold properties comprising:
    • 1 x terraced bungalow
    • 1 x semi-detached houses
    • 3 x terraced houses
  • The properties are split into:
    • 1 x 1-bed house
    • 3 x 2-bed houses
    • 1 x 3-bed houses
  • EPC ratings C & D
  • Some of the tenants do their own decorating
  • All properties are well maintained
  • Any requested repairs are carried out immediately
  • All properties are managed by a third party

Location information

  • The properties are spread over 2 counties:
    • 1 x properties are located in County Durham
    • 4 x properties are located in Tyne and Wear

Rental income

  • Aggregate rental income pcm: £1,979.82
  • Aggregate rental income pa: £23,757.84
  • Aggregate rental yield: 6.8%

Available upon request

  • Portfolio breakdown
  • EPCs for all units

Note

At the time of listing Vesta has only visited 4 of the 5 properties.

Floorplans

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

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Easington Lane, Bolden Colliery, Stanley, Darlington & Newcastle

Easington Lane

Easington Lane is the southernmost point of the City of Sunderland and a village in between Houghton-le-Spring and Easington Village. The village lies around 8 miles north-east of Durham (University city) and 10 miles north of Sunderland. The A1 (M), a major north-south road connecting London with Edinburgh, is accessible via Junction 62 in Carrville, around 7 miles from Easington Lane. Easington Lane doesn’t have its own railway station, however, the closest stations are in Durham, Horden, Seaham, Chester-le-Street, South Hylton and Sunderland.

Boldon Colliery

Boldon Colliery is part of The Boldons, which is made up of the 3 small villages East Boldon, West Bolden and Boldon Colliery. Boldon Colliery lies 9 miles east of Newcastle-upon Tyne, 5 miles north of South Shields and 7 miles north-west of Sunderland. Brockley Whins is the closest Metro station with regular services to Newcastle, Newcastle Airport and Sunderland. Boldon Leisure Park is home to a big supermarket, cinema and several well-known takeaway brands.

Stanley

Stanley is a former colliery town in County Durham and lies between Chester-Le-Street and Consett. The A693 goes through the town connecting it to the A1(M) on junction 63. Front Street is the town’s main shopping area and is home to several independent shops alongside larger chains. Every Thursday and Saturday a market is held on Front Street.

Darlington

Darlington is a large town of the county of Durham in north-east England. Darlington is 15 miles west of Middlesbrough and 20 miles south of Durham (University city). Darlington Railway Station has a regular service southbound to London’s King Cross via York and northbound towards Newcastle and Edinburgh Waverley. Many large employers run their nationwide operations from Darlington, and therefore there is a wide array of job opportunities. The largest sector employer in the region is EE, employing over 2,500 in the area. Other big employers include Students Loan Company, AMEC and Argos’s largest distribution warehouse.

Newcastle-upon-Tyne

Newcastle is a university city in Tyne and Wear in the north-east of England, it is situated 14.8 miles north of Durham (University city), 103 miles south of Edinburgh and 277 miles north of London. Newcastle is notorious for its buzzing nightlife and was voted in the top three of Tripadvisor Travellers’ Choice Destination Awards for European Nightlife destinations. Newcastle also has a rich history of culture through the arts such as theatre, music venues, museums and galleries. Newcastle city centre has several major shopping areas, the largest of these being the Eldon Square Shopping Centre which boasts over 150 stores and services. There are many job opportunities in Newcastle city centre and the economy includes many corporate headquarters in fields such as learning, digital technology, retail and tourism. Big employers such as Greggs, Virgin Money, EE, Npower and many more all have their headquarters here.

What makes us different?

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Benefits include:

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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