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£60,000
Woods Terrace, Seaham, SR7
- 2 beds
£60,000
- 2 beds
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Estimate monthly mortgage payment:
£274 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£3,000
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Holbrook and Co Estate agents are delighted to bring to the market this exceptional, multi-use freehold space in Seaham.
This investment property comprises of a ground floor commercial shop accompanied with a two bedroom first floor flat. The property offers a floor space 130.36 sq. m (1403 sq. ft) over two floors located within this busy shopping parade of mixed use commercial and residential properties.
Ideally located on Woods Terrace the downstairs offers a large, fully refurbished commercial space with kitchen facilities to the rear and a W/C.
Access to the rear lane and a separate access to the first floor flat via a communal rear entrance. Upstairs offers a fully refurbished two bedroomed flat.
It is anticipated that the shop unit will command a rent of �600-�700 pcm and the first floor flat �475-�525 pcm which should realise an anticipated rent yield above 10%.
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£274 per month
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Stamp Duty tax
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
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Mortgage and legal costs:
£999
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