BTL in Plymouth
About this property
BTL in Plymouth - High Yield - Tenanted - Cash Purchase - Zero SDLT
A great opportunity to purchase a high yielding student apartment, in a desirable and sort after Grade 2 listed building. The deal comes with a tenant in situ for the remainder of the academic year resulting in immediate cash flow from completion.
Financials:
▪ Purchase price: £35,000
▪ Annual profit: £3,902
▪ ROCE: 10%
▪ Yield: 19%
▪ Annual rent = £6,480
▪ Net yield = 10%
Please contact for further information.
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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.