This week's rental record is for a new town built in the 1950s in a small town near North Lanarkshire and Glasgow. Congratulations to Mr. Leung on starting a new level of British property again, he confirmed the purchase in early October, at the end of this month successfully closed the property, in marvel at the speed of processing at the same time, but also let's see the details of the property.
Mr. Liang bought a flat in North LanarkshireCumbernauld, the town located between Glasgow and North Lanarkshire, was built in 1955 under the law and the unique urban plan has won several architectural design awards and is a popular residential area for local residents.
It is only 3 minutes drive from the flat to the nearest commercial centre and has a large shopping centre, sports facilities, schools, etc. Of course, it's easy to drive from the property to Glasgow city, 22 minutes away, and residents can choose to travel by train to Scotland and even across the UK.
This property is a two-bedroom residence and is in the Freehold category. The property is on the market for a price of £45,000 and is priced at £44,000, which is 2% below the market price at the time of purchase.
- 22 minutes from Glasgow city centre
- 30 minutes toCumbernauld train station
- 4 minutes to the shopping centre
- Close to shopping centers, supermarkets, restaurants, etc
- Central to secondary and primary schools
Major facilities nearby
- Large shopping centre
- Sports facilities
- Other leisure facilities
Features of the property
- The living room is spacious and bright, and the space is practical
- Two bedrooms
- Bathroom with bathtub
- Double-glazed windows
- Central heating
|Rental return income rate||11.6%|
|Investment Report (ROI)||8.3%|
|Each monthRental Income||£425|
|Every YearCash flow||£5,100|
|After deducting expensesEvery YearCash flow||£4,335|
|Buy and rent|
|Attorney's fees (including VAT)||£880|
The second property itself already has tenants living there. At the price of £44,000 property to buy a lease, no decoration, only a small license fee, but also receiving 11.6% rental return, makes the property extremely cost effective.
Let's take a look at the property below
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