Client Investment
Discounted new build property
- 2 Bedrooms
- 1 bathroom
11%
Annual Return on Investment
- 6% Gross Yield
- Annual Income: £3,787
- Money Invested: £33,245
Client Investment
Discounted new build property
- 2 Bedrooms
- 1 bathroom
11%
Annual Return on Investment
- 6% Gross Yield
- Annual Income: £3,787
- Money Invested: £33,245
Client Investment
Discounted new build property
- 2 Bedrooms
- 1 bathroom
11%
Annual Return on Investment
- 6% Gross Yield
- Annual Income: £3,787
- Money Invested: £33,245
Project summary
We took advantage of our close relationship with a local developer to source this 2 bed semi-detached property for a client.
Our client was able to move quickly with the purchase by buying in cash, which in turn allowed us to negotiate a 10% discount.
We were over oversubscribed with interest when the property was put on the market, so much so that we secured a long-term tenancy agreement with a working professional couple in just 10 days.
Property location
The property is based in the town of Gainsborough, close to the cities of Sheffield and Doncaster. With great fundamentals including transports links and nearby employment districts, the property is highly attractive for working professionals.
Financials
After purchasing with cash, our client later mortgaged the property to release the majority of their initial investment, leaving a high returning and equity building investment.
Cash Invested
£33,245
- Purchase price (cash): £130,000
- Discount: 10%
- Stamp Duty: £4,000
- Addition costs: £7,995
- Total: £141,995
- Mortgage valuation: £145,000
- Mortgage @ 75% LTV: £108,750
- Cash left in the deal: £33,245
Annual Net Income
£3,787
- Total monthly rent: £675
- Monthly Mortgage + costs: £360
- Monthly Net Income: £315
Annual ROI
11%
- Gross Yield: 6%
Get in touch and start growing your portfolio
Submit our contact form and a member of our team will be in touch to schedule a call.
During the call we will discuss the following:
- Your property investing aims and goals.
- We will answer any questions that you have about our service or property investing in general.
- Zero sales talk on our behalf or pressure to proceed.