- 3 bed mid-terrace
- Modern style
- Recently refurbished
- Own driveway
- 14% ROCI
- Gas central heating and UPVC windows
Sourced are delighted to present this off-market mid-terraced investment opportunity with a huge ROCE of 14%.
The property consists of:
• Dining room
• 3 large bedrooms
• Recently refurbished
• Gas central heating
• UPVC double-glazing
• Own driveway
• Small garden
• 14% ROCI (see illustration)
The current tenant has resided in the property since August 2014 on a rent of £400 pcm.
If purchased with a BTL mortgage with a 25% deposit, you could achieve 14% ROCI inclusive of SDLT and sourcing fee.
The landlord has owned the property in approximately 10 years and is selling in order to concentrate on property development.
Sourcing fee = £3,000
Stamp duty estimate prior to 31st March 2021– £2,250 (3% for additional property if applicable)
Any interested parties should conduct their own due diligence.
Yield and return on capital Invested illustration is based on the following:
Purchase price: £86,000:
Gross yield figure of 5.6% equates to £4,800 annual rent divided by purchase price of £86,000
ROCI illustration is based on:
Purchase price: £86,000 at 25% deposit = £21,500 + £2,580 (SDLT) + £3,000 (sourcing fee) = £27,080
Annual rent: £4,800 pa
Mortgage 2 year discount at 1.54% (Leeds) £1,020 pa
£4,800 - £1,020 = £3,780
£3,780 divided by £27,080 = 14% ROCI