BTL BMV in Newcastle

An excellent below market value investment opportunity in a strong rental area of Newcastle, offering immediate income and impressive yield potential.

This 2-bedroom apartment is currently tenanted at £500 PCM, with estimated market rent of approximately £750 PCM, presenting clear scope for increased cash flow.

Key Highlights:
- 2-bedroom apartment
- Leasehold: 123 Years Remaining
- Currently tenanted: £500 PCM
- Estimated market rent: £750 PCM
- Service charge: £480 Per Annum

Deal Breakdown:
▪ Purchase price: £66,000
▪ GDV: £91,000 (Hometrack)
▪ Annual profit: £3,908
▪ ROCE: 43%
▪ Yield: 10%

▪ Discount: 27% Below Market Value
▪ Target Yield: 13.6%
▪ Buyer Fee: £4,000

This deal offers a strong combination of high yield, below market entry price, and rental uplift potential, making it an attractive option for buy-to-let investors seeking solid returns.