Buy to Let in Durham, High Capital Growth

The proposed strategy is to acquire the property and let it to tenants for consistent rental income and longer-term capital growth. The figures should be reviewed alongside local demand, expected running costs and finance terms.
This area has been shown to have a high capital growth.
This deal is suitable for cash buyers.
This deal is suitable for first time investors.

Financial Information
Current value: £55,000
Purchase price: £46,000
Purchase costs: £19,500
Refurb/works cost: £0
Sourcing fee: £4,000
GDV: £55,000
Monthly profit (£): £278.13
Annual profit: £3,338
Monthly rent: £500
Annual rent: £6,000
ROCE (%): 26%
Yield: 11%
Money left after refinance: £19,500
Investment required: £19,500