Freephone: 0800 043 6956 Email: info@freshinvest.co.uk
Fresh Invest
Discounted 2 bed townhouses on a very popular site in Chesterfield, with proven rental demand. Barnaby Chamberlain Investment Advisor
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*New - Chesterfield 2 bed townhouses
AT A GLANCE
- Just 2 x 2 bed townhouses
- Large 16.5% discount of current marketing prices
- Current marketing prices of £114,995
- Discount of £19,000
- Fresh Invest prices of £95,995
- Very strong and proven rental demand
- Close to many local amenities
- Build complete March 2012
- just a 10% deposit required until completion
- 10 year NHBC warranty
In detail
The opportunity:
We are delighted to bring to market this fantastic investment opportunity in Chesterfield. This is a site we have sold property on in the past and always proves to be popular with local rental demand.
We have secured a discount of 16.5% off of 2 x 2 bed townhouses on the development currently marketed at £114,995. this gives Fresh Invest prices of just £95,995. Through conversations with local letting agents we feel that a rental of circa £525 pcm is acheivable and therefore a rental yield of around 6.6%
Financical example:
2 bed townhouse 566 sq ft - £95,995
- Deposit needed - £28,798.5
- Rent - £525 pcm
- Mortgage - £67,196.5
- Mortgage payments - £212 pcm
- Mortgage details - Northern Rock 70% LTV @ 3.79%
- No Ground rent or Service charge
- Positive Cashflow - £313 pcm (£3,756 per year)
The location:
This development has proved particularly popular with renters and for good reason. Close to the M1 and a short drive from Chesterfield train station it is an easy commuters hotspot. The development enjoys the benefits of residing in a rural setting amongst an abundance of countryside, with the convenience of accessible transport links. The development is just a few minutes walk from a popular cinema, fitness centre, retail and restaurant area and just a mile from Chesterfield town centre.
The next step:
If you would like further details on this fantastic opportunity, please use the request information section to request a brochure from us. The brochure will detail the houses and show pictures as well as floor plans, exact location and local comparables.
Once you have decided on the property/properties that interest you, get in contact with us to arrange a viewing or go through the quick and easy reservation process.