This property is a good size 4 bedroom end terraced house offered in suburb condition as you can see from the pictures below.

Our letting agent informs us that it will let easily at £550 per month for a family let which is an impressive 6.8% yield. However it is worth looking at the opportunity of an HMO which could bring in a rental of up to £840 per month which would be a yield in excess of 10%. We have based the £880 per month on letting 5 rooms at £4O per week.

The house itself is a delight and offers 4 bedrooms, 2 reception rooms, main bathroom, Kitchen along with double glazing, and gas heating.

The property benefits from a Rics valuation which has already been carried out.

The property will be vacant on legal completion, however our local letting agent believes a tenant can be found
within 3 weeks of this. They haven't let us down in the past so we are confident this can be achieved.

Market price £115,000

Purchase Price £97,750

Instant Equity £17,250

Mortgage £97,750 @ 85% of £120,000

Monthly mortgage payment £480 @ 5.9%

Monthly rent £550

This deal will provide positive monthly cash flow based on the figures above. This cash flow will increase if a larger deposit was put into the deal. We have indicated some figures below for a 10% deposit.

Mortgage £87,975 @ 90% of £97,750

Monthly mortgage payment £443 @ 5.9%

Monthly rent £550

The above figures are subject to valuation and mortgage product. Please note mortgage products are changing on a daily basis.

Stamp duty - £0

Legal fees - £575

Legal Disbursement - £350

Survey fee - £300

Mortgage broker fee £500

Pinnacle fee £2820 inc vat

Potential total cost to buy this property £4545*

(These are not exact figures above but a good baseline to work with, also note there will be an agreement fee about 1%-2.5% for the mortgage which will be added on to the loan amount and this amount varies in each case, also product values change daily) *The potential purchase cost is the difference between the mortgage, purchase price and cost to buy. Mortgages are subject to valuation and personal circumstances.