London BMV Pick
About this property
London BMV Pick – 28.5% BMV!
Great North Way, London, NW4 1PQ
- 1 Bed Ground Floor Flat | Leasehold
- Approx. 48sqm / 517 sq ft
- Currently Tenanted at £1,500pcm
- 128 Years Remaining on Lease
- Purchase Price: £186,000
- Estimated Market Value: £260,000
- Approx. 28.5% Below Market Value
- Ground Rent: Escalating
- Service Charge: £3,950 per annum
- Rental Income: £1,500pcm
- Gross Yield: 6.92%
- ROI / ROCE: 38%
Refinance Example:
- Estimated Value: £260,000
- 75% LTV Refinance: £195,000
- Estimated Money Left In Deal: Approx. £8,120
Key Selling Points:
* Tenant in situ producing £1,500pcm
* 128-year lease remaining
* Ground floor flat
* Excellent London commuter location
* Bus & train links nearby
* Huge range of local amenities
* Strong turnkey investment
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.
Speak to a broker