BTL in Newcastle

Property Details

• Three-bedroom semi-detached
• 83.2 m2
• Well-suited to a buy-to-let strategy following a cosmetic refurbishment programme.
• Target purchase price: £105,000.
• Estimated cosmetic refurbishment: £11,000.
• Estimated GDV: £130,000.
• Purchase costs: £10,100 (including sourcing fee of £3,000, legal fees of £1,500, insurance of £350 and SDLT of £5,250).
• Total investment required: £51,805.
• Estimated money left in the deal after refinance: £33,055.

Financials

• Estimated rental income: £950 PCM (£11,400 per annum).
• Mortgage based on 75% loan-to-value at 5% interest: £406 PCM.
• Estimated monthly net cash flow: £544PCM.
• Estimated annual net cash flow: £6,525.
• Gross yield: 9%.
• ROCE: 20%.

A strong BRR opportunity with potential to recycle the majority of invested capital while retaining a cash-flowing asset.

For further details or to invest please contact.