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FREEHOLD House Sale – Minor Refurb Opportunity – South Yorkshire – Discounted

For Sale Rotherham S639NJ
 

House Sale Type:
Freehold Semi-
Detached House

Bedroom:
2

 Price Point:  
£ 48,950
 –
Expected Rental Income:
£ 5,700 a year

Description of House Sale:

FREEHOLD.

House sale due to the owner unable to travel to the property because of the current Covid situation.

Priced to reflect the minor repairs, once completed will still allow the costs associated to be classed as BMV.

We understand new double glazing windows have been fitted, a central heating system has been installed.

Kitchens are there, but need fitting, as is the case with the bathroom.

Neat little job for builder or first timer looking to get onto the property ladder.

Rents that can be commanded in the area, dependant on the finish can range from £450 to £475 per month.

Factoring in the estimated £5k to finish the property, we estimate a 10% rental yield can be achieved once refurbished.

Comp’s are not too bad as the 2 bedroom properties are experiencing offers over £60,000

minor refurb works to kitchen needs completing.

Property Details

Tenure: Freehold

Location: Rotherham

Type of Property: Semi-Detached

Picture shows existing flooring, minor refurb.

Sale Predicted Financial Information

Rental Income: £ 5,700

Net Rental Income: £ 4,388 pa

Net Rental Yield: 8 %

Return For Investment: 33 %

Gross Yield: 11 %

Existing flooring to bedroom.

Contact Information On Sale

Name: Pauline Smith

Number: 07814050934

Email: info@in-exfixturesltd.co.uk

Mortgage Illustration

Guide Price: £ 53,845

Deposit Required: £ 13,461

Mortgage Amount: £ 40,384

Mortgage Payments: £ 109 pm

Based on 75% Loan To Value (LTV).
Mortgage Product:Interest Only @3.25%

househusky.co.uk

October 2021
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