BMV BTL in Chester

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 can generate high cashflow.
This property is near a university and has a high rental demand by professionals and students.
This property is currently tenanted and is able to create day 1 cashflow.

A rare opportunity to purchase a high yielding student apartment, priced below market value considering yield.

The studio features a large living space and has been finished to the highest standard. The on-site amenities such as a gymnasium, game room, cinema room and secure bicycle storage continues to make the development a popular choice with the students in the area.

Financial Information
Current value: £60,000
Purchase price: £46,000
Purchase costs: £50,000
Refurb/works cost: £0
Sourcing fee: £2,500
GDV: £60,000
Monthly profit (£): £515
Annual profit: £6,178
Monthly rent: £940
Annual rent: £11,280
ROCE (%): 40%
Yield: 25%
Money left after refinance: £50,000
Investment required: £50,000