• 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!
|Investment - Summary|
|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|
|Total Approx. Costs:||£30,850.00|
|Investment - Cash Flow (Assumed 75% LTV mortage)|
|Gross Revenue Per Month:||£700.00|
|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|
|Total Costs (per month)||£346.00|
|Net Return On Capital Employed||13.77%|