BTL in Wallsend

Turkey Investment Opportunity - North East

Property Description

• 2-bedroom first-floor flat
• Leasehold – 964 years remaining
• Standard construction
• 56 m²
• 1 bathroom
• EPC Rating C
• Private front garden with shared rear area
• Walking distance to Town Centre and Metro station

Financials

• Target purchase price: £75,000
• Purchase costs: £8,850 (includes £3,000 sourcing fee, £1,500 legal fees, £350 insurance, and £4,000 SDLT)
• Total investment required: £27,350
• Estimated rent: £700 PCM (£8,400 PA)
• Mortgage (75% LTV @ 5%): £234 PCM
• Net cash flow: £405 PCM (£4,867 PA)
• Gross Yield: 11%
• ROCE: 18%
• Gross Rent Mortgage Coverage: 299%
• Net Rent Mortgage Coverage: 173%
• Total investment required: £27,350

Fur further details or to invest please contact.