BTL in Sheffield
About this property
BTL - Cash Purchase - Zero SDLT - Tenanted
A great opportunity to acquire a high yielding studio apartment, very well presented in a thriving area with high demand.
Financials:
Purchase price = £30,000
Annual rent = £6,600
Gross yield = 22%
Net yield = 11%
With a short walk to amenities including under 5 minutes to the mainline station, this unit has a very strong demand from tenants - both student and professional alike. With the added benefit of zero stamp duty on this investment, returns are expected to be stable with steady growth year on year.
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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.