- Below Market Value
- Instant Equity
- 12.18% ROCE
- Top of Market Values up to £183,000
- Excellent Capital Growth Potential
- Prime Location
The plan for this property is to purchase at below market value, to provide instant equity and hold long term for capital growth. The property is in a prime location, within just 4 miles of Birmingham city centre and there is a huge potential for capital growth. The property has been refurbished to a good standard and is ready to let.
The property is a 3 bedroom Victorian end terraced home, located close to main road and rail transport links. It comprises of a family lounge, open plan kitchen dining room, ground floor bathroom, 2 first floor bedrooms and 1 bedroom on the second floor. There is central heating and double glazing throughout and benefits from a good sized rear garden.
Purchase Price: £135,000
Stamp Duty: £4,250
Additional Costs: £2,000
Sourcing Fee: £3,500
Rental Income: £8,700 pa
ROCE: 12.18% PA
There is also potential to make further improvements to increase the monthly rent and value.