The Properties

If you see the deals that appeal - email us

The deals below are historical and serve only as an illustration. If you would like to receive email updates on our latest deals then email us using the email link above

Latest Available Deals

2 Bed Terrace House, Ashington  £60,000 posted Mon 26/05/08

This is a bargain property available because the vendor wants a quick sale due to personal circumstances.

Good properties in this area sell at quite a bit over £70,000 and to get it up to scratch it just requires some cosmetic improvements and a good clean - all of this can be done within a modest budget of around £2,000

It will achieve rent in the region of £400 pcm thus giving good returns. Ashington has a very sustainable renting sector - perfect to get you through a period of uncertainty in the housing market so you can look forward to good long term prospects with this investment.

Sourcing Fee: £1000 with £250 advanced deposit

Applications only from those investors with their finances in place and ready to complete in 28 days

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3 Bed House, Jarrow, South Shields: £104,000 posted Wed 14/05/08

Our first property is a house in Jarrow, South Tyneside. Valued at £125,000 it is available for £104,000 with a finder’s fee of £1500. This would really suit the investor looking to sell it on. It is a 3 bed mid terrace, 25 years old, parking for 2 cars at front, conservatory at back. The current owners have lived there for 12 years and they put in a new kitchen and bathroom 6 years ago.

Sourcing Fee £1500 with £250 advanced deposit

Applications only from those investors with their finances in place and prepared to complete in 28 Days



  

External - Front                                    External - Rear


 

Living Room                                           Breakfasting Kitchen


   

Master Bedroom                                    Conservatory

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3 Bed Terrace House, Ashington £61,000 posted Wed 14/05/08

This is a fantastic opportunity to acquire a very good 3 bedroom house at a knock-down price

Houses like this, in good condition, will sell for upwards of £85,000

There is work to be done, and we reckon a budget of £5,000 would bring this one up to scratch and achieve a rent, quite comfortably, of £425 pcm

You need to act quickly on this one and you need to have your finances in order. It is a repossession and open to bids but ours is currently the highest and we are confident we can get it at this price for the investor that is ready to move quickly

Sourcing Fee £1000 with £250 advanced deposit

Applications only from those investors with their finances in place and ready to complete in 28 days

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2 Bed Apartment,North Shields: £105,000 posted Thu 17/04/08

         

Main Bedroom                                       En-Suite Bathroom


      

Kitchen                                                Family Bathroom

Here's an opportunity to acquire arguably the best apartment in this small development at a discounted price. The vendor has it on the market for £114,950 but they will accept just £105,000 making it an attractive bmv deal which could be purchased with little of your own money down.

In a development on the same site, a block of 12 two bed apartments has just gone on the market for prices in the region of £140,000 so you may be able to get a higher valuation on this property to guarantee even less money down.

The apartment comes with an allocated parking bay and all kitchen appliances (fridge/freezer, washing machine, hob, oven and extractor chimney).

Situated in North Shields this very well proportioned apartment is very well located for access to Newcastle city centre (15 minutes drive), the local Metro station (10 minutes into Newcastle city centre) the Tyne Tunnel (A19 five minutes) and the ferry to Scandinavia and The Netherlands!

There is good inward investment in the area with the construction of a second Tyne Tunnel due to commence later this month.

The vendor is also offering to find you a tenant free of charge so that you hit the ground running without any initial rental void.

The Numbers

Would value to at least £115,000

On offer to you for: £105,000

Sourcers Broker Fee (£250 deposit required on application): £750 on completion (total fee £1,000)

Rental value: £495 pcm

Insurance approx: £12 pcm

Agent’s mgt fee (10%): £49.50 pcm


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Previous Deals  (all now sold)

2 Bed Terrace, Ashington: £70,000 posted Sat 23/02/08
  
  

                     
                                                            Scroll down for larger images

This is an exceptionally good property priced to sell quickly and one which will rent immediately. With a minimum rental income of £410 pcm you're looking at a yield of over 7%.

Ashington has a very large, sustainable rental market so it is an ideal destination for your long term investment prospects. It has done very well on the growth front too in recent years - just four years ago this property would have valued somewhere between £40 and £45k. Today it would value at £75k

• GCH and full PVCu double glazing

• Two double bedrooms - main bedroom has fitted wardrobes

• Very well appointed kitchen

• Bathroom with shower

• Off street parking and garage

• Sought after area will attract high level of interest from prospective tenants

 
 



 


The Numbers

Would value to approx £75,000

On offer to you for: £70,000

Sourcers Broker Fee (£250 deposit required on application): £750 on completion (total fee £1,000)

Rental value: £410 pcm

Monthly interest based on illustrative 5.9% 2 year fixed 85% LTV product:    £290 pcm

Insurance approx: £12 pcm

Agent’s mgt fee (10%): £41.00 pcm

Gross Operating Profit: £120 pcm

Nett Operating Profit: £67.00 pcm

Rental Yield: 7.01%

If you are interested in this property email me or call 07736 809 858

To get the latest property alerts linked to this page, email me now info@investinbuytolet.co.uk

My updates tell you about the property, the location, the rental prospects and importantly you get a breakdown of the numbers. In most cases you will also get internal and external photos.

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Properties below have all gone but please take a look as they demonstrate what we have sourced in the past.

2 Bed Terrace, Ashington: £68,000

Here we have an exceptional property for the price. This 2 bed terrace in Ashington is available for just £68,000 for a quick sale. This is an exceptional price and it is therefore recommended that interested parties respond quickly.

The property is a 2 bed terrace requiring little or no work in order to get it tenant ready (subject to survey). Tenant demand in Ashington is high and we are finding suitable tenants in current properties within two to three weeks of them becoming available. Properties of this calibre usually sell for £75-£80,000.

  
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Property 2: 2 Bed Upper Flat, Ashington: £50,000

This does need a bit of work – but look at the price! It does require about £3k worth of work on it – but it would value to at least £60k post works.

• Great price!

• Spend around £3k on a refurb to gain another £7k in equity (£50k purchase;     £60k valuation on completion of works)

• Exceptional Rental Yield

• Very attractive monthly nett profit

• Very good capital growth potential

• Combi boiler GCH

 

The Numbers

On offer to you for: £50,000

Sourcers Broker Fee (£250 deposit required on application): £750 on completion (total fee £1,000)

Rental value: £350 pcm

Monthly interest based on illustrative 6% 2 year fixed 85% LTV product:
£212 pcm

Insurance approx: £12 pcm

Agent’s mgt fee (10%): £40 pcm

Gross Operating Profit: £138 pcm

Nett Operating Profit: £86 pcm

Rental Yield (based on £3k works): 7.92%

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Here we have a property requiring updating. Situated on a very good street in Ashington, once works are completed (estimated spend no more than £5k) you will have a property worth between £80k and £85k and be able to pull in over £400 pcm

Please remember, we offer a complete management service. We find the property, carry out any improvements required and then find you a tenant and manage the tenancy.

2 Bed Terrace, Ashington:£69,000

This is a house with real potential. Apart from the opportunity to update the property to realise its true value, there is a planned large private housing development close by on the playing fields of a neighbouring college. This is bound to give the local housing market a generous boost.

• Great location with major neighbouring private housing development               planned

• Will be easy to let

• GCH

• Kitchen in good order

• Recently fitted new roof to rear extension

• Off-street parking

• PVCu double glazing

• Below Market Value

   


   


The Numbers

Once works are completed, this will value to beteween £80,000 - £85,000

On offer to you for £69,000

Estimated rental value: £410 -£425 pcm

Monthly interest based on 5.5% (3 year fixed): £272

Insurance approx £12pcm

Agent's mgt fee: £41 -£42.50 pcm

Gross Profit: £137 - £152 pcm

Nett Operating Profit: £84 - £97.50 pcm pcm

Rental Yield: 7% - 7.29% (prior to any capital expenditure)

                    6.56% - 6.8% (Based on capital expenditure of £5.000)
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Here we have a wonderfully updated and ready to let two bed terrace  in arguably the north east’s hottest spot; Ashington. It is slightly below market value (around 5% - 6% bmv)

Exceptional 2 Bed Terrace, Ashington:£74,750

sorry, this one's gone

Property 1 is a fantastically updated 2 bed terrace reduced for a quick sale and ready for an immediate let that will yield 6.8%.




 

An incredibly well updated 2 bed terrace in a desirable part of Ashington which will easily attract good tenants. It has a newly installed combi boiler GCH system, recently updated electrical system, new damp proof course and superb kitchen and bathroom. I have been told that it has new loft insulation. It also has recently installed pvcu double glazing. With the exception of possibly replacing a work damaged living room carpet, I expect there to be no work to do and to move a good tenant in quickly.

At £74,950 this is below current market valuations - properties updated to this standard on this street have sold for in excess of £80,000

This property has great capital growth potential and when it comes to sell, in the medium term, it will sell easily without any major work required

The Numbers

Originally on the market for £79.950

On offer to you for £74,950

Estimated rental value: £425 pcm

Monthly interest based on 5.5% (3 year fixed): £290

Insurance approx £12pcm

Agent's mgt fee £42.50 pcm

Nett Profit: £74.50 pcm

Rental Yield: 6.71%
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Exceptional 2 Bed Terrace, Ashington:£56,000

sorry, this one's gone   

This is a 2 bed terrace on the same street as the property above. This is in need of much tlc but we have secured it for just £56k, a spend of £10k will bring it up to a value close to £80k. We will have the work completed for you within 4 weeks and have it let immediately thereafter. Including capital cost of works, you will get a yield of around 7.7% on this one

This does need a bit of work – but look at the price! This property is the same as property 1 so you can see that it will value to £80,000 once works are completed. We will turn this property around for you in 4 weeks and have it ready to let immediately on completion of works.




• Opportunities like this do not come around this often in a buy to let hotspot like Ashington so seize it while you have the chance!

• Great price!

• Spend £10k on a refurb to gain another £24k in equity (£56k purchase; £80k valuation on completion of works)

• Very attractive monthly nett profit

• Very good capital growth potential

The Numbers

On offer to you for: £56,000

Sourcers Broker Fee (£250 deposit required on application): £750 on completion (total fee £1,000)

Rental value: £425 pcm

Monthly interest based on illustrative 5.5% 2 year fixed 85% LTV product: £235 pcm

Insurance approx: £12 pcm

Agent’s mgt fee (10%): £42.50 pcm

Gross Operating Profit: £190 pcm

Nett Operating Profit: £135.50 pcm

Rental Yield (based on £10K works): 7.28%

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Upper 2 Bed Flat, Blyth:£63,500

sorry, this one's gone   

 

 



A very well priced 2 bedrooms, neutrally decorated flat in Blythwithin short walking distance to the town centre. This property would be ready to let with minimal (cleaning / minor cosmetics). The flat has been very well maintained and improved by the current owner-occupiers.

Below market value property (would go on market around the £70k mark)

Modern spacious bathroom

Modern kitchen

Gas central heating

Requires minimal or no work to get it ready to let – perhaps some minor cosmetics.

The Numbers

Originally on the market for £64.950

On offer to you for £63,500

Estimated rental value: £390 - £403 pcm

Monthly interest based on 5.35% (3 year fixed): £241

Insurance approx £12pcm

Agent's mgt fee £40 pcm

Nett Profit: £97 - £110 pcm

Rental Yield: 7.37% - 7.6

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All of the properties below have now gone

Pair of 2 Bed Flats, Byker, Newcastle upon Tyne:£145,000 for the pair

sorry, these are gone

  

  

Flat 1 above

  

  

Flat 2 above

These flats will prove to be very wise investments – I’ve already put my money where my mouth is; I’m purchasing next door so we’ll be neighbours.

These are already tenanted on 6 mth ASTs through to May this year. Both are in very good order though the downstairs flat has a bedroom ceiling with original plaster requiring renewal (it’s still intact though it is probably just about being held up by the paint). This shouldn’t put you off though; it will only cost a couple of hundred pounds or so to renew. It is neutrally decorated throughout and the heating / hot water has recently been upgraded to a combi boiler. The tenant is a single lady on housing benefit which virtually guarantees just over £300 pcm though total rent at £80 pw gives a total of just over £346 pcm. I am sure this tenancy will prove to be long term. She also appears to keep the flat very tidy.

The upstairs flat is pristine with recently skimmed walls and neutral décor. It also has a very good, contemporary kitchen and bathroom. Rent on this is £450 pcm and it is tenanted by a couple of working tenants.

There is also a stunning view over Newcastle / Gateshead Quayside (see picture below).

Both flats already tenanted until May (tbc)

Sold as a pair

Excellent capital growth potential

Next door to one of my own flats

Very well presented throughout

Apparently very conscientious tenants (i.e. immaculate inside)

The Numbers

Originally on the market as a pair for £164,000

On offer to you for: £145,000

Source Fee: neg

Actual combined rental value: £796 pcm

Combined Monthly interest based on 5.35% 3 year fixed product: £550

Combined Insurance approx: £25 pcm

Combined Agent’s mgt fee: £80pcm

Combined Net Profit: £141 pcm

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properties available as of 10th March 2007

2 Bed Terrace, Ashington:£62,000

sorry, this one's gone

  

  

An apparently very well priced 2 bedroom property. Properties on this street, in a good condition, would normally sell for £70 - £75k though the asking price reflects that there is some work to be done. A recent damp survey shows that it requires extensive damp proofing to the tune of £5,725 (we are having a second quote from another company prepared). On top of this it requires a new kitchen, full redecoration, replacement glass to a downstairs window and new floor coverings throughout. This work could be done for £2.5k - £3k.

Given the surprisingly high level of damp proofing required, armed with our quotes we could try to lever a lower purchase price for this house.

Excellent potential

Great location – high rental demand

Gas central heating

Requires maximum investment of £8,500 on work to get it ready to let.

The Numbers

On the market for £64,000

On offer to you for a maximum price of £62,000 we will try to lower this

Estimated rental value: £403 - £416 pcm

Monthly interest based on 5.35% (3 year fixed):  £235

Insurance approx £12pcm

Agent's mgt fee £40 pcm - £42 pcm

Nett Profit: £116 pcm - £127pcm

Gross Rental Yield: 6.86% - 7.08% (taking into account max £8.5k refurb budget and £62k price)

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1 bed lower flat, Blyth, £44,500

sorry, this one's gone

     

Yes that’s right, just £44.5k for a 1 bed flat. This flat is in need of a bit of TLC but it is almost certainly currently the worst property on one of the smartest housing developments in the town so the capital growth potential is truly magnificent. And what’s more, you will yield over 8% pcm (gross). Requires redecoration throughout and the kitchen will also require some attention to bring up to scratch (new cabinet doors & worktop). We can provide an estimate to have this work done.

Situated on one of the developments most sought after by owner occupiers

New carpets to lounge and bedroom

Night storage heating

Requires updating

At least 8% yield

BMV property with excellent capital growth potential

The Numbers

Originally on the market for £49,950

On offer to you for: £44,500

Estimated rental value: £300 - £325 pcm

Monthly interest based on 5.35% 3 year fixed product: £180

Insurance approx £12pcm

Agent's mgt fee £40 pcm

Nett Profit: £68 - £93 pcm

Rental Yield: 8.09% - 8.76%

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Upper 2 Bed Flat, Blyth:£63,500 

sorry, this one's gone            

                                                     

             

A well priced 2 bedrooms, neutrally decorated flat in Blyth, close to the town centre. This property would be ready to let with minimal (possibly minor cosmetic) or no work required. The flat has been well maintained and improved by the current owner-occupiers and the original asking price of £64,950 was well within what should reasonably be expected for a property of this type.

Modern spacious bathroom

Modern kitchen

Gas central heating

Requires minimal or no work to get it ready to let – perhaps some minor cosmetics.

The Numbers

Originally on the market for £64.950

On offer to you for £63,500

Estimated rental value: £390 - £403 pcm

Monthly interest based on 5.35% (3 year fixed): £241

Insurance approx £12pcm

Agent's mgt fee £40 pcm

Nett Profit: £97 - £110 pcm

Rental Yield: 7.37% - 7.6%

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properties available as of 15th January 2007

2 Bed Terrace, Ashington £70,000

sorry, this one's gone

    

   

An updated 2 bedroom property, neutrally decorated

Modern bathroom

Modern kitchen

Garden

Requires minimal work to get it ready to let

The Numbers

On offer to you for £70,000

Estimated rental value: £403 pcm

Monthly interest based on 5.2% (low arrangement fee product): £258

Gross Profit: £145 pcm

Gross Rental Yield: 6.9%

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2 Bed Terrace Upper Flat, Wallsend, Newcastle £74,000

sorry, this one's gone

Large period upper 2 bedroom flat in quiet residential street close to new development

Large bathroom

Contemporary kitchen

Gas combi central heating / hot water

Garage

Decked roof terrace

Please note a roof inspection is likely to be requested in any lender’s valuation survey

The Numbers

On offer to you for £73,000

Estimated rental value: £425 - £450 pcm

Monthly interest based on 5.2% (low arrangement fee product): £273

Gross Profit: £152 - £177 pcm

Gross Rental Yield: 6.9% - 7.3%

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Remember – we provide the complete investor package:

• The property

• The tenant

• Tenancy management

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