Client Success Story
We sourced this off-market property for a client from a landlord letter. It was being rented by the landlord who was slowly selling his small portfolio because he was looking to retire.
Return on investment: 6.33%
Net annual income: £3,187
Sourced, refurbed and managed by us
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Project Summary
Purchase directly from the vendor after their sale had just fallen through and they contacted us.
This was a terrace property that had the loft space already converted to make a third bedroom. Located in a desirable area walking distance from the town centre. Small garden to the rear and on-street parking to the front.
The property is currently let out to a working professional couple.
Financials
Cash Invested
£50,380
Net Annual Income
£3,187.50
Annual Return on Investment
6.33%
Purchase Price: £117,000
Mortgage LTV: 75.00%
Mortgage: £87,750
Deposit: £29,250
Refurb costs: £12,745
Fees: £8,385*
*Includes Stamp Duty
Gross monthly rental income: £550
Net monthly rental income: £265.63
Net annual rental income: £3,187.50
Gross Yield: 4.92%
Net Yield: 4.46%
Annual Return on Capital Investment: 6.33%
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