Tenanted 2 Flats in Cheshire

End Terrace BTL Converted to 2 x 1-Bed Apartments in Cheshire

Strategy: Buy to Let, SA

Tenanted block providing 10% gross yield.

Key property details:
- Large House Split into 2 Self contained flats.
- Freehold
- 41sqm
- EPC Each flat D,E
- Council tax band A
- Tenanted
- No chain

This end terraced house is currently set up as 2 self contained flats, situated on Middlewich Road being very conveniently placed for Local Shops, Schools, Public Transport, and other Local Amenities. The accommodation comprises two 1 Bedroom Flats which are currently let out at £650pcm and £600pcm to generate £15000 income pa. This is almost twice what a single house buy to let in the same area could generate and also it has the benefit of two income streams, one from each flat!

The financials:
▪ Purchase price: £150,000
▪ Annual profit: £9,375
▪ ROCE: 18%
▪ Yield: 10%

▪ Deposit: £37,500
▪ Stamp duty: £7,500
▪ Sourcing fee: £4000 + VAT
▪ Legal fees estimate: £1,000
▪ Survey estimate: £500
▪ Insurance estimate: £350.
▪ Total: £50,850

Representing an all money out in approx. 5 years!

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