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Turnkey BTL in Paisley
About this property
Turnkey BTL in Paisley
This turnkey 1 bedroom apartment in Renfrewshire, Scotland offers an immediate cash flowing opportunity on the open market. The property requires zero refurbishment works and is ready for immediate occupancy or letting.
Financial highlights
▪ Purchase price: £34,999
▪ Profit once sold: £8,801
▪ Purchase costs: £14,950
▪ ROCE: 17%
▪ Yield: 19%
▪ Sourcing Fee: £3,000
▪ Total Investment Required: £39,950
Rental Performance
▪ Monthly Rent: £550
▪ Annual Rent: £6,600
▪ Monthly Profit: £550
Property Details
Property Type: 1 Bed Apartment
Location: Renfrewshire, Scotland
Tenure: Freehold
Current Use Class: C3
Status: Vacant / Not Tenanted
A high yielding hands off residential asset priced at a low entry point with strong rental demand in area.
Investment calculators
Estimate only, using UK additional-property SDLT rates. Confirm the exact figure with a solicitor or accountant before exchanging.
Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.
Need finance? Sourced Financial Services can find the right mortgage for this deal and secure same-day decisions in principle.
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