BTL in Staffordshire
About this property
Ready Let BTL Staffordshire - Income Generator Turnkey Flats and Terraced House
Good value fully let on AST's 4 x 1 bed flats and one 2 bed house generating £35K+ in rent. All recently renovated. Walking distance to town centre and on main bus route.
FINANCIALS
Purchase Price: £295,000
Income: £2,975.pcm / £35,700p/a
Profit: £2,053.pcm / £24,637p/a
Investment Required : £102,850 with 75% LTV
ROCE: 24%
Gross Yield: 12%
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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.