BTL in London
About this property
Tenanted BTL in London
A great opportunity to purchase a semi-detached 3 bed house with an existing tenant in situ.
The property is in an excellent location with easy access to central London and Croydon University Hospital and has averaged around 4% capital growth per annum in recent years.
Suitable investment opportunity for overseas or long term risk averse investors looking to park their cash long term and enjoy steady long term profits.
Financials:
▪ Purchase price: £485,000
▪ Annual profit: £14,831
▪ ROCE: 8%
▪ Yield: 6%
▪ Rental income pa: £31,200
Please contact for further info.
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Need finance? Sourced Financial Services specialise in HMO mortgages and can secure same-day decisions in principle.
Speak to a brokerAssumes English SDLT rates and 3% additional property surcharge. Welsh LTT and Scottish LBTT differ. Always confirm with your solicitor.
Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.