Client Investment
High Returning 2 Bed Semi
- 2 Bedrooms
- 1 bathroom
13%
Annual Return on Investment
- 6% Gross Yield
- Annual Income: £3,510
- Money Invested: £27,200
Client Investment
High Returning 2 Bed Semi
- 2 Bedrooms
- 1 bathroom
13%
Annual Return on Investment
- 6% Gross Yield
- Annual Income: £3,510
- Money Invested: £27,200
Client Investment
High Returing 2 Bed Semi
- 2 Bedrooms
- 1 bathroom
13%
Annual Return on Investment
- 6% Gross Yield
- Annual Income: £3,510
- Money Invested: £27,200
Project summary
We sourced and refurbished this property before managing it for our client who was looking for a greater return on their savings than what they were getting from their bank.
The property was bought directly through an estate agent with who we have a really great relationship.
This property is all about its location – it’s based on one of our target streets which is close to a hospital, has great transport links and proximity to the motorway.
The street is extremely popular as it is set in a private cul de sac, so ideal for residential lettings. The property included good sized gardens to the front and rear which increases its rental demand.
Property location
The property is based in the town of Barnsley. Nestled between the cities of Leeds and Sheffield, Barnsley is a great investment hotspot, especially after benefitting from Government backed regeneration projects over the last 10 years. With high rental demand and strong employment rates, it's a great investment town for UK and overseas investors.
Financials
Our client mortgaged the property to release the majority of their initial investment. In less than 9 years the money left in the deal will be recouped.
Cash Invested
£27,200
- Purchase price: £105,000
- Mortgage rate: 75%
- Deposit: £26,250
- Stamp Duty: £3,150
- Refurb costs: £7,800
- Legals: £750
- Additional costs & fees: £6,500
- Initial capital invested: £44,450
- Post refurb value: £128,000
- Mortgage @75% LTV: £96,000
- Cash left in the deal: £32,000
Annual Net Income
£3,510
- Total monthly rent: £675
- Monthly Mortgage + costs: £382.50
- Monthly Net Income: £315
Annual ROI
13%
- 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.