- 3 bed end terrace
- Double storey rear extension
- Recently refurbished
- Detached garage
- Gas central heating and UPVC double glazing
- 18.9% ROCI
Sourced are thrilled to present this off-market extended end-terraced investment opportunity, with an excellent ROCE of 18.9%.
The property consists of:
• Dining room
• 3 large bedrooms
• Detached garage
• Double storey extension to the rear
• Recently refurbished
• Gas central heating
• UPVC double-glazing
• Largest property on the street and is
The current tenant has resided in the property since December 2019 on a rent of £495 pcm.
This produces a gross yield of 7.2% based on a purchase price of £83,000. If purchased with a BTL mortgage with a 25% deposit, you could achieve 18.9% ROCI inclusive of SDLT and sourcing fee.
The landlord has owned the property in excess of 10 years and is selling in order to concentrate on property development.
Sourcing fee = £3,000
Stamp duty estimate prior to 31st March 2021– £2,490 (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: £83,000:
Gross yield figure of 7.2% equates to £5,940 annual rent divided by purchase price of £83,000
ROCI illustration is based on:
Purchase price: £83,000 at 25% deposit = £20,750 + £2,490 (SDLT) + £3,000 (sourcing fee) = £26,240
Annual rent: £5,940 pa
Mortgage 2 year discount at 1.54% (Leeds) £984 pa
£5,940 - £984 = £4,956
£4,956 divided by £26,240 = 18.9% ROCI