BMV 3-Bed BTL

30% BMV Mid Terrace 3-Bed BTL in Teeside

Key property details:
- Freehold
- 72 sqm
- EPC D
- Council tax band A
- Vacant possession
- No chain

This traditional mid-terraced house appears in good general condition, however I have allowed a small fund in my figures for redecorating or an odd carpet to get it tenant ready! Please remember, we will start the negotiation on your behalf if you wish to purchase, subject to our contract, proof of funds and an AML check being in place.

▪ Purchase price: £45,000
▪ GDV: £65,000
▪ Refurb costs: £2,750
▪ Annual profit: £5,352
▪ ROCE: 78%
▪ Yield: 12%
▪ Discount: 30%

▪ Purchase costs: £7,900
▪ Once let refinance based on valuation of £65,000
▪ Cash left in after refinance: £6,900
▪ Gross rent: £7800
▪ Mortgage Interest: (£2448) £48,750 @ 5%
▪ Yield: 17% based on purchase price, 12% on GDV
▪ Yield: 14% based on total cash outlay
▪ ROCE: 14% before refinance

Representing an all money out position within 2 years!

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