BTL in Bournemouth

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.

BTL in BOURNEMOUTH

Existing BMV property offering consistent monthly cashflow

Buy - Light works - Rent

Location:
Bournemouth BH2
- Area with strong tenant demand
- Town-centre location with the Beach, Shops, Amenities and Transport Links right on the doorstep.
- Suiting single professionals and students

Purchase Price: £85,000
Estimated End Value (With EPC Upgrade): £95,000
Ground Floor Flat (vacant)
Approx. 30 sqm, purpose-built, good layout.
Estimated Rent: £800 PCM
ROCE: 15%
Gross Yield: 10%
Property currently EPC D
Leasehold – 104 Years remaining
Ground Rent: £150 PA
Service Charge: Approx. £1957 PA

Financial Information
Total cash required: £32,522
Money left in after refinance £23,421
Current Value: £90,000
Purchase price: £85,000
Purchase costs: £6,400
Refurb/works cost: £2,650
Sourcing fee: £3,500
GDV: £95,000
Monthly rent: £800
Annual rent: £9,600
Investment required: £32,522

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Financial Information
Current value: £90,000
Purchase price: £85,000
Purchase costs: £6,400
Refurb/works cost: £2,650
Sourcing fee: £3,500
GDV: £95,000
Monthly profit (£): £283.44
Annual profit: £3,401
Monthly rent: £800
Annual rent: £9,600
ROCE (%): 15%
Yield: 10%
Money left after refinance: £23,421
Investment required: £32,522