BTL in Boston, First-Time Investor Friendly

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 deal can generate high cashflow.
This deal is suitable for first time investors.

An appealing opportunity to purchase this two-bedroom freehold terraced property, offered for sale with vacant possession and no onward chain, making it suitable for both investors and owner occupiers alike.

Previously achieving a rental income of £750 per calendar month, the property offers an impressive potential gross yield of approximately 8.57%, presenting an appealing proposition for buy-to-let investors looking to expand their portfolio. The property also offers potential to appeal to student tenants, subject to the necessary permissions and requirements, being located on the same road as Boston College.

Financial Information
Current value: £99,000
Purchase price: £99,000
Purchase costs: £33,700
Refurb/works cost: £0
Sourcing fee: £2,500
GDV: £99,000
Monthly profit (£): £503
Annual profit: £6,030
Monthly rent: £750
Annual rent: £9,000
ROCE (%): 18%
Yield: 9%
Money left after refinance: £33,700
Investment required: £33,700