Purchase Price: £225,000
25% Deposit: £56,250
Stamp Duty: £11,250
Legal Fees: £1,125
Property fully tenanted with all furniture included making this a hands off investment opportunity.
Projected Monthly Cash Flow:
- £1,599 with management
- £2,012 without management
Annual Projections:
- Rental Income: £41,340
- Building Insurance: £420
- Council Tax: £1,500
- Utilities and Maintenance: £400
- Management Fees (optional): £413 (10% of rent plus VAT)
- Interest-Only Mortgage at 5.5%: £773
- Voids: £1200 (rare for this area due to contractor salaries and the high demand for rooms).