Failsworth, M35, Droylsden


Property Details

  • Price: £124,950.00
  • Location: Droylsden
  • Region: Tameside
  • Country: Manchester
  • Reference: ASHT-PORT8
Failsworth, M35

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.

Video - Failsworth, M35

Return on Investment

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 Employed9.71%

Image Gallery - Failsworth, M35

Front
Lounge
Living room
Dining room
Kitchen
Bedroom
Bedroom 1
Bedroom 2
Bathroom
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