• Two Bedroom Terraced Property +
• High Net Yield Of 9.5% +
• Freehold Property +
• Annual Rental Income Over £7,000 +
• Fully Managed And 'Hands Free' Property +
• Local Lettings Agent In Place +

Pure Investor brings to the market this 2-bedroom mid-terraced property for sale at Railway Terrace North, Herrington, Tyne and Wear. The property is currently tenanted with the rental income being £595pcm (£7,140pa). A full refurbishment of the property was recently undertaken before the new tenants moved in, some of the major works that took place were a new roof, boiler, flooring throughout and decoration. The property also includes a large rear garden which has been separately let to the tenants for £20pcm (£595pcm overall).

The property comprises: a living room with new flooring, a radiator, a front window and stairs. The kitchen includes integrated appliances such as a sink/drainer, hob, cooker and extractor, tiling, new flooring, radiator and window to complete the room. The family bathroom is downstairs and includes a bath, toilet basin and sink with partially tiled walls and a frosted window. Upstairs are two bedrooms which are carpeted and decorated.

INVESTMENT INFORMATION
- Offers over: £68,000.00
- Current rental income: £575.00pcm + £20.00pcm for the rental of rear garden = £595.00pcm
- Annual rental income: £7,140.00
- Gross yield: 10.2%
- Management fees based on average of 10% inc VAT: £714.00pa
- Net income: £6,426.00
- Net yield: 9.5%
- Tenure: Freehold