Radcliffe, M26, Radcliffe


Property Details

  • Price: £105,000.00
  • Location: Radcliffe
  • Region: Bury
  • Country: Manchester
  • Reference:
Radcliffe, M26

• Type: 3 bed end terrace
• Asking price: £105,000
• Tenure: TBC
• Refurbishment Required: No
• EPC: D
• Sourcing Fee: £3000 plus vat
• Estimated Rental: £700pcm
• Estimated gross rental yield: 8%
• Estimated capital appreciation: 6.5% per annum

The Portfolio8 team are delighted to offer this three bedroom end terrace property located moments away from Radcliffe Town Centre, a wide range of amenities, transport links and schools.

The property has been attractively priced at £105,000 with two bedroom properties in the area achieving £675pcm, we estimate a rental income of £700pcm to be obtainable for this well-presented three bedroom home.

Radcliffe is served by regular buses and also the Metrolink which makes it a popular area for professionals and even commuters into Manchester. The M60 motorway is also within easy reach.

To find out more about this impressive investment opportunity, contact a member of the Portfolio8 team today!

Return on Investment

Investment - Summary
Guide Price£105,000.00
Estimated Rental Income (pcm)£700.00
Annual Rental Income£8,400.00
Investment - Cost Breakdown (Assumed 75% LTV mortgage)
Deposit Amount (25%)£26,250.00
Solicitor Fees (approx. £1,000)£1,000.00
Sourcing Fee (£3,000.00 plus VAT)£3,600.00
Refurbishment Costs:£0.00
Total Approx. Costs:£30,850.00
Investment - Cash Flow (Assumed 75% LTV mortage)
Gross Revenue Per Month:£700.00
Minus Costs
Lettings Fee - 10% plus VAT (fully managed by Portfolio8)£84.00
Mortgage Costs (assumed 4% interest only mortgage)£262.00
Service Charge Per Year£0.00
Ground Rent£0.00
Total Costs (per month)£346.00
Total Income£700.00
Total Costs£346.00
Net£354.00
Net Return On Capital Employed13.77%

Image Gallery - Radcliffe, M26

Front
Kitchen
Lounge
Living room
Dining room
Bedroom
Bedroom 2
Bedroom 3
bedroom 3.
Bathroom
Bathroom 1
Garden
Floor plan   Turf Street.JPG
Portfolio8 - Property Investment