CIAC, Middlesbourgh
CIAC,Middlesbourgh, TS2 1AX
Studio | Buy To Let | Tenanted
£55,000
£400pcm
Rent
8.7%
Gross yield
Investment Summary
- Price: £55,000
- Market Rent: £400 pcm
- G/R: £200 pa
- S/C: £975 approx pa
- Annual Gross Income: £6,900.00
- Estimated Net Income: £5,242.00
- Gross Yield: 8.7%
- Net Yield: 6.6%
- EPC: C
Property Description
- Beds: Studio
- Baths: One
- Sq/ft: 344
- Floor: Ground
- Apartment
- Allocated Parking
- Status: Tenanted
- Tenure: Leasehold
- Furnished: Yes
- Lease Length: 990+ years remaining
The Development
- Iconic Community In A Cube Development (CIAC)
- 0.4 miles to Middlesbrough Railway Station
- 82 Apartments which consists of studios, one and two bedrooms units
- Secure parking
- Lift service
- City centre location
Why Invest?
- University City with a student population of circa 30,000
- Middlesbrough Council are committed to £74 million regeneration project set for the area within the next four years
- Investment in the area totalling almost £700 million
- The project is hoped to create 5000 new jobs in the area
- New regeneration will transform more than 57 hectares of land, with the development of an estimated 1.7 million square foot of new business accommodation
Map
Financial Example
| Deposit 30% | £16,500.00 |
| Mortgage | £38,500.00 |
| Mortgage / Interest Only (3%) | £1,155.000 |
| Estimated Costs | £1,175.00 |
| Total Cash Invested | £18,830.000 |
| Annual Return on investment | 19.25% |