Business Summary:
Residential Property Portfolio – 22 Houses with Consistent Monthly Rental Income
Ref.CR142
Location Yorkshire & North East
Asking Price £300,000
This is a good opportunity to aquire a residential property portfolio of 22 houses which are at the lower end of the housing market but attract good yields from the owners investment. A huge amount of re-furbishment has taken place to bring all of the houses and flats up to a good standard.
They are located in Doncaster(13 properties), Gainsborough(6 properties), Newcastle(2 properties, and a city centre flat in Leeds. They are mainly terraced houses, three of which are split into flats. Circa 70% of the properties has boiler breakdown service included.
The majority of the properties are managed by letting agents, apart from three houses which are rented out to families who are on benefit meaning the vendor is paid directly by the council on a monthly arrears basis
With first time house buying becoming increasingly more difficult and a lack of new homes being built, there is a high demand for property rentals. This is a sound investment for an entrepeneur to take on the running of these properties and benefit from the high yields and regular occupancy in place.
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