Property For Sale London,UK

For sale by real estate agent - London

4 bed Property for sale

20

$1,272,643 | £1,000,000 | €1,091,374
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ForSale 1529 SqFt Area 3Baths 4Beds

 20% Below Market Value


 


4 Bedroom Town House


 


Rope Street, London, SE16 7TF


 


Market Value = £1,250,000


Purchase Price = £1,000,000


Finders Fee = £5,000


 


Potential Gross Income = £42,000 per annum


 


Great Investment Opportunity!


 


For a limited time only, we have managed to secure a 4 Bedroom Town House in a fantastic location.


 


It has been used by the vendor as their family home for some time now.


The property has a huge potential to convert into HMO which could generate a decent return on investments.


 


The property is in Canada Water. The rental market is strong in these areas and the possibility to refinance the property recoup some of your investment makes this a viable investment opportunity.


 


The property comes with a share of the freehold.


 


The property consists of:


 


4 Bedrooms
3 Bathrooms
1 reception
Kitchen
1 Balconies
Integrated Garage
 


Location


The property is located in an ideal residential area close to local amenities. 


 


0.7 miles to Surry Quays Train station approx. 13min walk
4.1 miles to Canary Wharf
2.3 miles to Medical Centre
 


 


Rental


The property can potentially generate an income as is of:


 


 


£808 per week = £3,500 pcm = £42,000 per annum
 


The Vision 


 


·        To purchase the property for £1,000,000 rent out to generate a healthy cashflow


·        Purchase and refinance after 6 months against the true market value to pull out some of your investment


·        You can be creative and use this as a service accommodation and generate a much healthier income by using the Location to your advantage or convert it into a HMO.


 


Potential rental:


As a single let: £3,500 pcm = £42,000 per annum


 


Costs to Consider


 


·        Mortgage cost at 4% = £2,500 pcm


·        Management at 10% + Vat = £420 pcm


 


 


CASHFLOW AFTER ALL THE ABOVE COSTS 


Managed = £580 pcm = £6,960 per annum


Self Managed = £1000pcm = £12,000 per annum  


 


Capital Required To Get Involved: 


 


·        Purchase Price = £1,000,000


 


·        25% Deposit = £250,000


·        Stamp Duty = £73,750


·        Legals = £1,000


·        Sourcing Fee = £5,000 


 


Total Capital Required = £329,750


 


The Return on Investment based on an investment of £329,750 =


 


Managed 2%


Self-Managed 4% 

Allocated Parking
Balcony
Central Heating
Fitted Bathroo
Fitted Kitchen
Fitted Wardrobes
Garage
Garden
Off Street Parking
Views