Type: 2 bed terraced house
Asking price: £124,950
Status: Vacant upon completion
Tenure: TBC
Refurbishment Required: Option to upgrade bathroom
Estimated Rental: £730
Estimated gross rental yield: 7.01%
Sourcing Fee: £3000 plus VAT
Deceptively spacious 2 bedroom terraced property, situated in a popular & convenient location, ideal for investors. The property is uPVC double glazed & combi gas centrally heated and briefly comprises: Entrance hallway, dining room, lounge, fitted kitchen, 2 double bedrooms and a 3 piece white bathroom. Externally the property has the benefit of a garden frontage and a private yard area to the rear.
With scope to add value by carrying out a small degree of refurbishment, the property offers great rental yields and projected capital appreciation.
For more information, speak to a member of the Portfolio8 team today.
| Investment - Summary | |
| Guide Price | £124,950.00 |
| Estimated Rental Income (pcm) | £730.00 |
| Annual Rental Income | £8,760.00 |
| Investment - Cost Breakdown (Assumed 75% LTV mortgage) | |
| Deposit Amount (25%) | £31,237.00 |
| Solicitor Fees (approx. £1,000) | £1,000.00 |
| Sourcing Fee (£3,000.00 plus VAT) | £3,600.00 |
| Refurbishment Costs: | £5,000.00 |
| Total Approx. Costs: | £40,837.00 |
| Investment - Cash Flow (Assumed 75% LTV mortage) | |
| Gross Revenue Per Month: | £730.00 |
| Minus Costs | |
| Lettings Fee - 10% plus VAT (fully managed by Portfolio8) | £87.60 |
| Mortgage Costs (assumed 4% interest only mortgage) | £312.00 |
| Service Charge Per Year | £0.00 |
| Ground Rent | £0.00 |
| Total Costs (per month) | £399.60 |
| Total Income | £730.00 |
| Total Costs | £399.60 |
| Net | £330.40 |
| Net Return On Capital Employed | 9.71% |
