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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P1000740

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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