Description of the Deal:
Tired 1 bedroom flat in North London.
Tenure - Long Lease
Potential to do a light refurbishment at a low cost and get rented quickly.
The Background:
Vendor currently has tenants in situ with the property to be sold vacant.
The Numbers Breakdown:
End Value - £215,000
Refurb - £15,000
Lease Extension - N/A
Stamp Duty - £5,000
Legals & Sourcing Fee - £10,000
Purchase Price £160,000
The Rental Figures:
Rent PC/Month - £1350
Mortgage at refinanced level (6%) - £830
Letting agents fee - £135
Property/Landlords insurance - £15
Estimated Monthly Rental Gross Profit - £368pcm
Holding costs and finance is not included within the breakdown.
Reach out today to register your interest.
To register your interest, please email your details to alex@approperty.uk
If you would like to register interest in this property, please send your proof of funds to alex@approperty.uk and we will be in touch. There will be a buyers fee to secure the property and take it off market.
Project Management Services and Mortgage Brokers also available upon request.
Property Details
Property Type
Flat
Bedrooms
1
Bathrooms
1
Size
40sqm
Floors
1
Property Location
Kent, UK