1 /10
£95,000
Booth Street, Chesterton, Newcastle Under Lyme, ST5
- 2 beds
£95,000
- 2 beds
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Estimate monthly mortgage payment:
£434 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
£4,750
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A Prime Investment Opportunity with Strong Rental Yield
Are you looking for a hassle-free investment with immediate returns? Look no further! Presenting 54 Booth Street, a well-maintained, pre-let investment property located in the heart of Chesterton, Newcastle under Lyme. With a current rent of £525 per month, this property offers an attractive rental yield, making it a lucrative addition to any property portfolio.
Property Overview
* Location: 54 Booth Street, Chesterton, Newcastle under Lyme, Staffordshire, ST5 7PU
* Property Type: Residential Terrace House
* Tenure: Freehold
* Current Rent: £525.00 per month
* Asking Price: £95,000
* Rental Yield: 6.63% - A robust return on investment!
Location Highlights
Chesterton is a vibrant and sought-after area in Newcastle under Lyme, known for its excellent transport links, local amenities, and community feel. The property is situated on Booth Street, a quiet residential street, offering the perfect balance between tranquility and convenience. Newcastle under Lyme town centre is just a short drive away, providing a wide range of shops, restaurants, and entertainment options. Additionally, the property is within easy reach of the A34 and M6, making it ideal for commuters.
Why Invest in 54 Booth Street?
1. Immediate Rental Income: The property is currently tenanted, ensuring you start earning from day one. The tenant has been reliable, making this an ideal low-maintenance investment.
2. Strong Rental Yield: With a rental income of £525 per month, this property offers a solid rental yield of 6.63%, significantly higher than many other investments. This makes 54 Booth Street a smart choice for investors looking to maximize their returns.
3. Desirable Location: Chesterton is a highly desirable area for renters due to its excellent local schools, green spaces, and proximity to Newcastle under Lyme town centre. The ongoing demand for rental properties in this area ensures that your investment will continue to perform well in the long term.
4. Potential for Capital Growth: Newcastle under Lyme and its surrounding areas have seen steady property price increases over the years. By investing in 54 Booth Street, you not only benefit from immediate rental income but also the potential for capital appreciation as the local market continues to grow.
5. Low Maintenance Investment: The property has been well-maintained and is in good condition, minimizing the need for immediate repairs or renovations. This makes it an ideal hands-off investment, especially for those new to property investment or looking to expand their portfolio without the hassle of refurbishments.
Property Features
* 2 Bedrooms: Spacious and well-lit, perfect for small families or professionals.
* Living Area: A comfortable living space ideal for relaxation or entertaining guests.
* Modern Kitchen: Fully equipped with ample storage and modern appliances.
* Bathroom: Clean and functional, with all the essential fixtures.
* Outdoor Space: A low-maintenance garden, perfect for outdoor activities or relaxation.
Conclusion
54 Booth Street is a prime investment opportunity that offers a combination of immediate rental income, a strong rental yield, and the potential for future capital growth. Whether you are an experienced investor or just starting out, this property ticks all the boxes for a smart and secure investment.
Don't miss out on this fantastic opportunity. Contact us today to arrange a viewing or for more information on how 54 Booth Street can enhance your property portfolio.
* Photos are from before the tenanted moved in*
Council Tax Band: A
Tenure: Freehold
Are you looking for a hassle-free investment with immediate returns? Look no further! Presenting 54 Booth Street, a well-maintained, pre-let investment property located in the heart of Chesterton, Newcastle under Lyme. With a current rent of £525 per month, this property offers an attractive rental yield, making it a lucrative addition to any property portfolio.
Property Overview
* Location: 54 Booth Street, Chesterton, Newcastle under Lyme, Staffordshire, ST5 7PU
* Property Type: Residential Terrace House
* Tenure: Freehold
* Current Rent: £525.00 per month
* Asking Price: £95,000
* Rental Yield: 6.63% - A robust return on investment!
Location Highlights
Chesterton is a vibrant and sought-after area in Newcastle under Lyme, known for its excellent transport links, local amenities, and community feel. The property is situated on Booth Street, a quiet residential street, offering the perfect balance between tranquility and convenience. Newcastle under Lyme town centre is just a short drive away, providing a wide range of shops, restaurants, and entertainment options. Additionally, the property is within easy reach of the A34 and M6, making it ideal for commuters.
Why Invest in 54 Booth Street?
1. Immediate Rental Income: The property is currently tenanted, ensuring you start earning from day one. The tenant has been reliable, making this an ideal low-maintenance investment.
2. Strong Rental Yield: With a rental income of £525 per month, this property offers a solid rental yield of 6.63%, significantly higher than many other investments. This makes 54 Booth Street a smart choice for investors looking to maximize their returns.
3. Desirable Location: Chesterton is a highly desirable area for renters due to its excellent local schools, green spaces, and proximity to Newcastle under Lyme town centre. The ongoing demand for rental properties in this area ensures that your investment will continue to perform well in the long term.
4. Potential for Capital Growth: Newcastle under Lyme and its surrounding areas have seen steady property price increases over the years. By investing in 54 Booth Street, you not only benefit from immediate rental income but also the potential for capital appreciation as the local market continues to grow.
5. Low Maintenance Investment: The property has been well-maintained and is in good condition, minimizing the need for immediate repairs or renovations. This makes it an ideal hands-off investment, especially for those new to property investment or looking to expand their portfolio without the hassle of refurbishments.
Property Features
* 2 Bedrooms: Spacious and well-lit, perfect for small families or professionals.
* Living Area: A comfortable living space ideal for relaxation or entertaining guests.
* Modern Kitchen: Fully equipped with ample storage and modern appliances.
* Bathroom: Clean and functional, with all the essential fixtures.
* Outdoor Space: A low-maintenance garden, perfect for outdoor activities or relaxation.
Conclusion
54 Booth Street is a prime investment opportunity that offers a combination of immediate rental income, a strong rental yield, and the potential for future capital growth. Whether you are an experienced investor or just starting out, this property ticks all the boxes for a smart and secure investment.
Don't miss out on this fantastic opportunity. Contact us today to arrange a viewing or for more information on how 54 Booth Street can enhance your property portfolio.
* Photos are from before the tenanted moved in*
Council Tax Band: A
Tenure: Freehold
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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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