• Type: 2 bed end terrace
• Asking price: Offers over £150,000
• Tenure: TBC
• Refurbishment Required: No
• Sourcing Fee: £3000 plus vat
• Estimated Rental: £750/775pcm
• Estimated gross rental yield: 6.20%
• Estimated capital appreciation: 6.5% per annum
Portfolio8 are delighted to offer this beautifully presented, spacious two bedroom home with off-road parking and gardens.
Boasting a popular Audenshaw location, the property offers the opportunity for a savvy investor to purchase and enjoy the returns on investment coupled with expected capital appreciation.
The property is located close to Crown Point Shopping Park, where numerous chained stores can be found, Denton train station and Guide Bridge train station are also nearby. The M60 Motorway is within easy reach of the property.
For more information on this investment opportunity, simply speak with a member of the Portfolio8 team today!
|Investment - Summary|
|Estimated Rental Income (pcm)||£775.00|
|Annual Rental Income||£9,300.00|
|Investment - Cost Breakdown (Assumed 75% LTV mortgage)|
|Deposit Amount (25%)||£37,500.00|
|Solicitor Fees (approx. £1,000)||£1,000.00|
|Sourcing Fee (£3,000.00 plus VAT)||£3,600.00|
|Total Approx. Costs:||£42,100.00|
|Investment - Cash Flow (Assumed 75% LTV mortage)|
|Gross Revenue Per Month:||£775.00|
|Lettings Fee - 10% plus VAT (fully managed by Portfolio8)||£93.00|
|Mortgage Costs (assumed 4% interest only mortgage)||£375.00|
|Service Charge Per Year||£0.00|
|Total Costs (per month)||£468.00|
|Net Return On Capital Employed||8.75%|