WEARDALE HOUSE Washington, NE37 UK ereproperty.com 1
ereproperty.com 2 Welcome to Weardale House
ereproperty.com 3 WEARDALE HOUSE ERE Property are delighted to offer this well presented development of 48 x apartments consisting of 18 x 2 beds and 30 x 1 bed apartments located within an recently converted building located in the town of Washington, west of Sunderland. An excellent development situated close to all local amenities, including shops, cafes, schools and hospitals with transport links to Newcastle and Sunderland. The A1(M) Motorway is only a short drive from the development. Specifications include: • Five floors with lift access • 18 x 2 beds and 30 x 1 bed apartments • External parking
ereproperty.com 4 Completed & tenanted Net yields over 9% Strong capital growth
WEARDALE HOUSE ereproperty.com 5 Light and spacious accommodation All apartments in Weardale House are spacious, delivering larger than average accommodation. The clever use of natural and electrical lighting, ensures the apartments are light and airy, providing truly special homes. Beautifully crafted interiors, expertly appointed to suit any lifestyle. All of the stunning apartments provide ready to move in living space that will suit those looking for spacious and well-appointed living, with easy access to Washington town centre and surrounding area of Sunderland.
ereproperty.com 6 1 BEDROOM APARTMENTS Lounge Generous sized living area with window to front and electric radiator. Kitchen Fitted with a range of wall and base units with complimentary working surfaces. Stainless stell sink unit. Built in oven, hob and extractor. Fridge freezer. Splash back tiling and sockets. Bedroom Window and electric radiator. Bathroom With modern white suite, panel bath with shower above, pedestal wash hand basin, low level WC, extractor fan. 1 Bed - £129,500 | Rent - £12,005 NET PA | Yield - 9.27%
ereproperty.com 7 2 BEDROOM APARTMENTS Lounge Generous szied living area with window to front and electric radiator. Kitchen Fitted with a range of wall and base units with complimentart working surfaces. Stainless steel sink unit. Built in oven, hob amd extractor. Fridge freezer. Splash back tiling and sockets. Bedroom 1 Window and electric radiator. Bedroom 2 Window and electric radiator. Bathroom With modern white suite, pane bath with shower above, pedestal wash hand basin, low level WC, extractor fan. 2 Bed - £149,500 | Rent - £14,531 NET PA | Yield - 9.72%
ereproperty.com 8 SALES INFORMATION 1 Bed units £129,500 – 9.27% Net Yield £12,005 per annum 2 Bed Units £149,500 - 9.72% Net Yield £14,531 per annum Example • Buyback possible example with a 70% uplift • Original Purchase Price - £129,500 • Potential Uplifted Price - £220,150 • Potential Profit of increase - £90,650 • Minimum return at 30% all to the investor - £38,850 Overage of £51,800 split 50/50 between developer & investor - £25,900 each Potential sale profit in 3 years = £64,750
ereproperty.com 9 INVESTMENT OVERVIEW On a cash investment of £129,500: 3 years of Net assured rent – 9.27% Net – £12,005 per annum After three years - £36,014 Potential sale profit - £64,75 Total Potential Profit on the investment of £129,500 is £ 100,765 Each buyer has the ownership title of their apartment. There are no costs for the 25-year management agreement. The rent is linked with the Consumer Price Index (linked to inflation) and cannot go down.
ereproperty.com 10 Return On Investment Your 3 Year Investment Plan 1 bedroom apartment from £129,500 3 year rental income £36,014 Exit sales price year 3 £220,150 *based on a 70% uplift, 30% kept by investor & 40% split 50/50 with developer, a 50% overall uplift kept by investor* Combined total profit £100,765 Total ROI over 3 years 77.8% WEARDALE HOUSE
ereproperty.com 11 WEARDALE HOUSE 2 bedroom apartment from £149,500 3 year rental income £43,594 Exit sales price year 3 *£254,150 Combined total profit £118,343 Total projected ROI over 3 years 79% Return On Investment Your 3 Year Investment Plan *based on a 70% uplift, 30% kept by investor & 40% split 50/50 with developer, a 50% overall uplift kept by investor
ereproperty.com 12
ereproperty.com 13 WASHINGTON, UK
WASHINGTON, UK ereproperty.com Washington is a town in the City of Sunderland local government district of Tyne and Wear, England, and part of historic County Durham. Washington is located geographically at an equal distance from the centres of Newcastle, Durham and Sunderland, hence it has close ties to all three cities. At the 2011 census, Washington had a population of 67,085. Market Village Washington. Inside you’ll find a collection of boutique shops from home ware to casual and designer fashions, traditional and contemporary hairdressers, Local family-owned butchers and green grocers, in addition to independent printers, clothing alternations and key cutting. There’s a variety of cafes and restaurants inside the complex. 14
ereproperty.com 15 WEARDALE HOUSE Holly Park Washington Old Hall Leisure Centre ASDA Galleries Shopping Centre Sainsbury’s ALDI
ereproperty.com 16
2 ereproperty.com 17