County Durham BTL
About this property
Turnkey BTL in County Durham 14% yield.
Requiring no refurbishment to be rent ready, this property offers a fantastic 14% yield, low risk, ready to invest opportunity.
The layout of the property consists of a living room, kitchen and bathroom on the ground floor with two bedrooms and a toilet on the 1st floor, making it perfectly suitable for a small family.
FINANCIALS
Purchase Price: £39,999
Income: £425pcm - £5,400pa
Profit: £325pcm - £3,900pa
Investment Required: £15,200
ROCE: 26%
Gross Yield: 14%
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For further information, get in touch.
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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.