Freephone: 0800 043 6956 Email: info@freshinvest.co.uk
Fresh Invest
With good communications to large cities, large discounts and strong rental demand these are a strong investment! Barnaby Chamberlain Investment Advisor
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*New - Grantham 2 bed townhouses
AT A GLANCE
- 2 bed towhouses in Grantham
- 23% discount from marketing prices
- Developer's marketing prices of £99,995
- Fresh Invest prices of £76,995
- Freehold included
- Rental valuation of £495 pcm
- Rental yield of 7.7%
- Very strong rental demand
- Build complete November 2010
In detail
The Opportunity:
We have recently sourced a great opportunity in Grantham, Lincolnshire. The properties we have available are 2 bed townhouses and are showing very high yields. With the freehold included in the sale investors do not have to pay Ground Rent and Service Charges so Positive Cashflow is high.
The townhouses are available for an October 2010 completion, leaving investors plenty of time to gain a mortgage and instruct a letting agent, so the property is tenanted upon completion. There are 12 units for sale in total all with discounted prices of only £76,995.
Financial Example:
2 bed townhouse 566 sqft - Discounted price of £76,995
- Deposit needed -£15,399
- Rent - £495 pcm
- Mortgage - £61,596
- Mortgage Payment -£240.73 pcm
- Mortgage -80% LTV @ 4.69%
- No Service Charge and Ground Rent
- Positive Cashflow - £254.27 pcm (£3,051.24 per year)
The Location:
The townhouses are located in Grantham, Lincolnshire which is a short commute to both Nottingham and Leceister and as a result benefits from very strong rental demand. Not only this the development is only 2 miles from the nearest junction on the M1 which means london is easily accessed.
Grantham is an old market town alongside the East Coast main railway line from London to Edinburgh. With a population of around 40,000 people Grantham is of a modest size and there is plenty of tenant demand.
The Development:
This is a new build development and will therefore have a full 10 years NHBC warranty. It is built to a high specification however carpets will not be included.
The next step:
Request a brochure from us using the request information section. We will send you a brochure detailing all available units, floorplans, site plans and pictures.
Once you have decided upon your desired unit contact us with any further questions you may have, to arrange a viewing or to reserve.