BTL in Paisley, High Demand

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.
The agent has highlighted that this property is projected to achieve a high occupancy rate due to high demand in the local area.

Why this property?
• Paisley town benefits from large investments and regeneration projects, hence good capital appreciation
• Very good location: close to Royal Hospital and Paisley University
• Limited upgrade required (bathroom, flooring) to increase value. Current EPC: C
• Strong rental demand from professional tenants and young families (more affordable than Glasgow). Council Tax Band: B

Financial Information
Current value: £70,000
Purchase price: £65,000
Purchase costs: £74,700
Refurb/works cost: £5,500
Sourcing fee: £3,000
GDV: £85,000
Monthly rent: £750
Annual rent: £9,000
Investment required: £80,200