Property investment in Margrate Street
3 BEDROOM HOUSE
|PROPERTY INVESTMENT INFORMATION|
|Stamp Duty @ 3%||£1,680|
|Refurbishment and fees||£5,000|
|RENTAL & RETURNS|
|Rent Value||£5,940 pa / £495 pm|
|Net Return||£4,972 pa / 7.93%|
|Management Fee - 11% plus vat||£778.14|
|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.