BTL in Manchester
About this property
Tenanted BTL in Manchester
A great opportunity to purchase a high yielding tenanted student apartment, offering cash flow from day 1.
Financials:
▪ Purchase price: £165,000
▪ Annual profit: £1,874
▪ ROCE: 10%
▪ Gross yield: 40%
▪ Annual rent: £6,630
▪ Net yield: 11%
With high demand in this area, zero stamp duty to pay and a £1,000 discount on the sourcing fee this is an ideal property for either a first time investor or anyone looking to park their capital in a high yielding asset which is fully managed and hassle free.
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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.