Property For Sale London,UK
For sale by real estate agent - London
4 bed Property for sale
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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:
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
The property can potentially generate an income as is of:
£808 per week = £3,500 pcm = £42,000 per annum
· 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.
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 =