Property Specifics
Style: 2-bedroom maisonette, purchased post-auction with short lease requiring extension
Age: 1920’s
Schools: 0.1 miles to Newark Hill primary school (rated: GOOD)
Location: 1.8 miles to Peterborough city centre and railway station.
Demand: High demand for rental properties in this area by singles and couples.
Full cosmetic refurbishment including fully re-plastered throughout, decorated, new flooring, new kitchen, and new bathroom.
Total cost £14,000
After 2 months of ownership: Revaluation £120,000
Investment Summary
| SDLT & Legals | Mortgage @ 75% LTV | Cash left in | Equity @ Nov 21 | Gross yield on purchase price | Mortgage payment | Net monthly cash flow | Net annual cash | ROCE |
| £4,110.00 | £97,500.00 | £8,210.00 | £28,400.00 | 10.00% | £236.00 | £489.00 | £5,868.00 | 71.47% |
