Social Housing in Blackpool
About this property
This social housing opportunity in Blackpool, available at £71,000, offers a projected 26% ROCE and £7,476 annual income.
5–10 year lease, no voids and fully maintained — a hands-off, long-term income opportunity.
Financials
- Initial Investment: £35,579
- Required Cash Contribution: £12,295
- Refurbishment Cost: £9,100
- GDV: £110,000
- Purchase Costs: £23,284
- Money Left In: £11,829
Rent
- Monthly Rent: £623
- Annual Rent: £7,476
- Monthly Profit: £222
- Annual Profit: £2,666
- ROCE: 22.5%
Investment calculators
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.