Cash BTL Flat Yorkshire
About this property
BTL 2-Bed Flat North East 18% yield.
Well sized and well priced this purpose built flat in Yorkshire if rented at £600pcm, one beds are currently priced at £500pcm, after Ground rent and service charge returns £335 per month. 225 Years left on the lease.
FINANCIALS
Purchase Price: £22,000
Income: £600.pcm / £7,200p/a
Profit: £335.pcm / £4,020p/a
Investment Required : £27,200 Cash
ROCE: 15%
Gross Yield: 18%
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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.