Property Investor - Wolverhampton - Ref: 283

Property Information

Ref ID: 283

Date available:

Furnishing: Not Specified

Property type: Mid Terraced House

Deposit: £800.00

 

Details

7 Year Lease Option

Readymade and Income Producing

5/6 Bedroom Mid Terrace House

Greenwood Lane, Wallasey, CH44 1DN

Rent to Landlord = £800 pcm (Years 1 – 3)

Rent to Landlord = £880 pcm (Years 3 – 7)

Purchase Price Within 7 Years = £200,000

Finder’s Fee = £5,000 + Vat

Potential Gross Income = £2,400 pcm = £28,800 per annum

CASHFLOW AFTER ALL THE ABOVE COSTS 

Managed = £922 pcm = £11,064 per annum

Cashflow Over 7 Years = £77,448

Self Managed = £1,210 pcm = £14,520 per annum

Cashflow Over 7 Years = £101,640

For a limited time only, we have managed to secure a 5 bedroom property which is perfectly set up to be turned into a 6 bedrooms HMO within proximity to Wallasey Town Centre.

The property is currently occupied at £575 pcm to tenants who have been there for 4 years. They are currently on a rolling contract and can be terminated by offering a 1month notice

The rent to landlord is £800 per month for the first three years and increases to £880 per month for years three to seven.

The property is situated in a perfect location close to great transport connections, Town Centre, local shops, and all local amenities.