All Saints Property Investments Buy to Let Sales Prospectus
2nd Floor Cuthbert House, All Saints Business Centre, Newcastle upon Tyne, NE1 2ET T: 0191 211 4120 E: info@aspropertyinvestments.com www.aspropertyinvestments.com
2nd Floor Cuthbert House, All Saints Business Centre, Newcastle upon Tyne, NE1 2ET T: 0191 211 4120 E: info@aspropertyinvestments.com www.aspropertyinvestments.com
PORTFOLIO OVERVIEW We are delighted to bring to the market a portfolio of properties based in the North East of England, predominantly in the Newcastle upon Tyne and County Durham area. This portfolio offers an attractive opportunity to an investor looking for a stabilised investment managed by a reputable local agent, Ben Charles, based in Durham City Centre. All the properties contained in this portfolio have been recently refurbished to a high ‘All Saints’ standard, and are regularly inspected by the managing agent. We have chosen areas of high demand for rental properties and within commutable distance of Durham or Newcastle upon Tyne, as well as focusing on 2 bedrooms or more to encourage families to rent the properties on an ongoing basis.
FINANCIAL OVERVIEW Property Values £1,282,000 Purchase Price 10% discount
£1,153,800
Capital Gain
£128,200 - 10%
Total Gross Rent pa
£84,662
Void Cost 10% £8,466 Net Rent pa
£76,196
Finance Cost Bank Funding at 65% of purchase price
£749,450
Interest at 3.5% pa
£26,230
Net Income £49,966 Equity Investment £404,350 Return on Equity
12% per annum
2nd Floor Cuthbert House, All Saints Business Centre, Newcastle upon Tyne, NE1 2ET T: 0191 211 4120 E: info@aspropertyinvestments.com www.aspropertyinvestments.com
SEAHAM
Typical interior of an ASPI property
2nd Floor Cuthbert House, All Saints Business Centre, Newcastle upon Tyne, NE1 2ET T: 0191 211 4120 E: info@aspropertyinvestments.com www.aspropertyinvestments.com
PORTFOLIO FINANCIALS Number of Units
14
VP
£1,282,000
Acquisition Price 10% Discount
£1,153,800
Debt 65% LTV
£749,450
Equity Investment
£404,350
Annual net rent
£84,662
Annual net return
£76,196
Return on equity pa
12%
Net valuation yield
6.60%
Value
£1,153,800
2nd Floor Cuthbert House, All Saints Business Centre, Newcastle upon Tyne, NE1 2ET T: 0191 211 4120 E: info@aspropertyinvestments.com www.aspropertyinvestments.com
PORTFOLIO DETAILS PROPERTY ADDRESS
VALUATION
GROSS RENT
1 4 Coach Cottage, Ushaw Moor, DH7 78H - 3 bedroom
£65,000
£5,700
2 61 Deckham Tce, Gateshead, NE8 3UY - 5 bedroom
£75,000
£6,300
3 70 Lenin Tce, Stanley, DH9 6PB - 3 bedroom
£80,000
£4,142
4 22 Elliot Street, Sacriston, DH7 6JH - 2 bedroom
£65,000
£4,800
5 9 Beech Avenue, Murton, SR7 9JH - 2 bedroom
£52,000
£4,500
6 18 Durham Road, Ushaw Moor, Durham, DH7 7LF - 2 bedroom
£55,000
£4,800
7 1 Briardene, Esh Winning, Durham, DH7 9LZ - 3 bedroom
£65,000
£4,800
8 18 Maple Park, Ushaw Moor, DH7 7LU - 3 bedroom
£65,000
£5,100
9 4 Ashcroft Mews, Princess Road, Seaham, SR7 7TZ - 3 bedroom
£125,000
£6,900
10 8 Ashcroft Mews, Princess Road, Seaham, SR7 7TZ - 3 bedroom
£135,000
£7,800
11 2 Ashcroft Mews, Princess Road, Seaham,SR7 7TZ - 3bedroom
£125,000
£7,500
12 3 Ashcroft Mews, Princess Road, Seaham,SR7 7TZ - 3 bedroom
£125,000
£7,500
13 6 Ashcroft Mws, Princess Road, Seaham, SR7 7TZ - 3 bedroom
£125,000
£7,020
14 7 Ashcroft Mews, Princess Road, Seaham, SR7 7TZ - 3 bedroom
£125,000
£7,800
£1,282,000
£84,662
2nd Floor Cuthbert House, All Saints Business Centre, Newcastle upon Tyne, NE1 2ET T: 0191 211 4120 E: info@aspropertyinvestments.com www.aspropertyinvestments.com
PROPERTY LOCATIONS
All Saints Property Investments is registered in England & Wales. Company Number: 09759805