Denton, Manchester, M34, Denton

Property Details

  • Price: £140,000.00
  • Location: Denton
  • Region: Tameside
  • Country: Manchester
  • Reference: DRYD-PORT8
Denton, Manchester, M34

• Type: 3 bed terraced
• Asking price: £140,000
• Tenure: Freehold
• Refurbishment Required: Yes
• Sourcing Fee: £3000 plus vat
• Estimated Rental: £775pcm
• Estimated gross rental yield: 6.64%
• Estimated capital appreciation: 6.5% per annum

The Portfolio8 team are pleased to offer this spacious, three bedroom home with conservatory for investment. Offered below market value, with the potential to upgrade the bathroom, replace carpets and decorate upstairs.

Three bedroom homes are in high demand for tenants, and as such, we estimate the monthly rental to be £775pcm.

Conveniently located for a wide range of amenities, highly regarded schools and transport links, it is clear to see why the area is so popular.

Could this be your next investment property? Speak to a member of the Portfolio8 team today to find out more!

Return on Investment

Investment - Summary
Guide Price£140,000.00
Estimated Rental Income (pcm)£775.00
Annual Rental Income£9,300.00
Investment - Cost Breakdown (Assumed 75% LTV mortgage)
Deposit Amount (25%)£35,000.00
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:£45,600.00
Investment - Cash Flow (Assumed 75% LTV mortage)
Gross Revenue Per Month:£775.00
Minus Costs
Lettings Fee - 10% plus VAT (fully managed by Portfolio8)£93.00
Mortgage Costs (assumed 4% interest only mortgage)£350.00
Service Charge Per Year£0.00
Ground Rent£0.00
Total Costs (per month)£443.00
Total Income£775.00
Total Costs£443.00
Net Return On Capital Employed8.74%

Image Gallery - Denton, Manchester, M34

Bedroom 2
Bedroom 1
Bedroom 3
floor plan   DRYD PORT8
Portfolio8 - Property Investment