Property description

**ATTENTION INVESTORS**. POTENTIAL ANNUAL RENTAL INCOME OF £17,664 GIVING A 10% RETURN. This is an ideal opportunity for an investor looking for an investment they can outsource to specialist professional developers with a track record with similar developments in the area.Included within the purchase price are cost of refurbishment (£39,000) and furniture pack (£6,000).There will be approximate deductions of £420/month to cover the cost of utilities, council tax, TV License, water, insurance and management fees.The project is designed to be a cash purchase that can be refinanced a later date if required.** IMPORTANT NOTICE ** The information given is a PROJECTION of what amount of money the buyer will make on the investment.For further details please contact Richard at Austin Brooks on 01904 227 992

Notes
Renovation costs: £39,000 (this is within the sale price below)A full furniture pack will be required at a cost of £6,000 (again included within the sale price)Sale Price to Investor: £125,000Gross Income: Rental costs per room, per week: £80, £85, £85, £90 - £1,472.20 per monthDeductions per month: £420.00 (variable) This consists of: Utilities, Council Tax, TV Licence, Water, Insurance and Management FeePossible NET INCOME per month if BOUGHT IN CASH: £1,052.20 (£12,626.40 per annum)Possible YIELD if BOUGHT IN CASH: 10.0%And when the time comes to re-mortgage:Possible NET INCOME per month if bought with a 70% LTV Mortgage: £687.62 (£8,251.44 per annum)Investor deposit: £37,500 (30% deposit)Mortgage per month: £364.58 (based on 70% Loan to Value at 5% interest rate)Possible NET YIELD if BOUGHT WITH A 70% LTV MORTGAGE: 22%There is an option for an investor to fund this deal and get a small discount on the purchase price.IMPORTANT: The information in this document is a projection of what amount of money the buyer will make on this investment. There could be voids in rental payments and home maintenance costs to factor in over time which could alter the amount of money an investor receives on any given investment project.

Property Features :

• ATTENTION INVESTORS
• FULLY REFURBISHED TO A HIGH STANDARD
• POTENTIAL RENTAL INCOME £17,664
• 4 ENSUITE LETTING ROOMS
• APPROX 10% YIELD