The client purchased this at Home report value on our advice as we had other client purchase identical flats earlier in the year and achieved great results. Our client was completely hands off and once the sale had completed, we then carried out the full refurbishment, which was completed within 2and a half weeks, leaving any void period to a minimum. The demand for the rent was exceptional and let within 72 hours of going to market.
Purchase Price | £105,000 |
ADS | £4200 |
LBTT | £0 |
Refurbishment | £20,000 (inc vat) |
Furniture Package | £3500 (inc vat) |
Total Cost | £132,700 |
Rent per month | £825 |
Rent per annum | £9,900 |
Gross Yield | 7.46% |
Capital Value | £145,000 |