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Property investment in Margrate Street

3 BEDROOM HOUSE

PROPERTY INVESTMENT INFORMATION
Purchase Price £56,000
Stamp Duty @ 3% £1,680
Refurbishment and fees £5,000
Total £62,680
RENTAL & RETURNS
Rent Value £5,940 pa / £495 pm
Gross Return 9.48%
Net Return £4,972 pa / 7.93%
YEARLY EXPENSES
Management Fee - 11% plus vat £778.14
Insurance £150
Gas Safety Certificate £40

DESCRIPTION OF INVESTMENT

A three bedroom mid terraced house conveniently situated with open aspect with good access to  all amenities. Benefitting from upvc double glazing and gas central heating. The accommodation briefly comprises; ground floor, hallway, living room, fitted kitchen, rear lobby, bathroom/wc, three first floor bedrooms and yard to rear with car parking space.

The property is in need of a little TLC which is reflected in the costs of the refurbishment.

 

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