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West Bolden, near Newcastle. 3 bedroom mid terrace house sold £10,000 below market value at £120,000. Gas and electrics upgraded and certified by the company. The new owner enjoys £116 per calandar month income after paying the mortgage.
The tenants have committed to staying for at least 5 years and have agreed to be responsible for the day-to-day repairs and maintainance for as long as they live at the property.
The new owner will benefit from the £116 pcm income after paying the mortgage and benefit from all the capital growth over the years, whilst having very little responsibility for the property.
Past example Ref: 050208/08JC119/900SR
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