BTL in Paisley, Cash Buyers

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 believes this property is being sold at a discounted price, below the open market value.
This deal is suitable for cash buyers.

Why this property?
• Paisley town benefits from large investments and regeneration projects, hence good capital appreciation
• Good location: close to town centre and main train station
• Cosmetic upgrade required (kitchen, bathroom, flooring), potential 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: £50,000
Purchase price: £47,000
Purchase costs: £54,760
Refurb/works cost: £12,000
Sourcing fee: £2,500
GDV: £70,000
Monthly profit (£): £397
Annual profit: £4,764
Monthly rent: £700
Annual rent: £8,400
ROCE (%): 34%
Yield: 12%
Money left after refinance: £14,360
Investment required: £66,860