Liverpool, Liverpool


Property Details

  • Price: £70,000.00
  • Location: Liverpool
  • Region: Liverpool
  • Country: Liverpool
  • Reference: LARC29-PORT8
Liverpool

Type: 2 bed terrace
Asking price: £70,000
Estimated market value: £85,000
Status: Vacant
Refurbishment Required: Yes
Estimated Rental: £550pcm once refurbished
Estimated gross rental yield: 9.43%
Sourcing Fee: £3000 plus vat


The Portfolio8 team are delighted to present this BMV opportunity to investors. Offered below market value and offering high returns on investment, could this be your next buy to let?

Requiring a small degree of refurbishment to freshen up the property ready for a new tenant, the property can be turned around quickly so you can commence to earn from your investment. Speak to a member of the Portfolio8 team today for more information.

This spacious property is located in a popular area close to Liverpool centre (just a 10 minute drive). Green Lane and Hamilton Square train stations are within walking distance of the property, making it ideal for commuters.

Return on Investment

Investment - Summary
Guide Price£70,000.00
Estimated Rental Income (pcm)£550.00
Annual Rental Income£6,600.00
Investment - Cost Breakdown (Assumed 75% LTV mortgage)
Deposit Amount (25%)£17,500.00
Solicitor Fees (approx. £1,000)£1,000.00
Sourcing Fee (£3,000.00 plus VAT)£3,600.00
Refurbishment Costs:£6,000.00
Total Approx. Costs:£28,100.00
Investment - Cash Flow (Assumed 75% LTV mortage)
Gross Revenue Per Month:£550.00
Minus Costs
Lettings Fee - 10% plus VAT (fully managed by Portfolio8)£66.60
Mortgage Costs (assumed 4% interest only mortgage)£175.00
Service Charge Per Year£0.00
Ground Rent£0.00
Total Costs (per month)£241.60
Total Income£550.00
Total Costs£241.60
Net£308.40
Net Return On Capital Employed13.17%

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Portfolio8 - Property Investment