House For Sale £125,000
The current rent per month is £700. Thus, the annual gross income is £8,400.
At the asking price of £125,000, the gross yield is therefore, approximately, 6.97%.
Water, gas, electric, broadband and council tax are paid for by the tenants themselves. The only planned expense for the landlord is the managing fee which, at the current rental cost, is £84. For maintenance costs, as they are an irregular payment, we recommend the rule of thumb that the landlord stockpile 5-10% of the net income.
The annual net income is therefore £7,392.
Selling for the asking price of £125,000 results in a net yield of approximately 5.91%. Please note that this does not account for a mortgage or costs resulting from the purchasing process such as stamp duty land tax, valuation/survey costs, search costs, conveyancer fees, etc.
The landlord is selling this property to invest in development elsewhere.
We (CREATE) are both overseeing the sale of the property and are currently managing its tenancy. We ensure that all mandatory property checks are made and keep certificates and records as proof. We also do six-monthly inspections.
Doncaster has recently acquired city status which should bring investment over the next few years. The city also has its longstanding attractions, those being the racecourse, bars & nightclubs, a cinema, a bowling alley, and the Dome leisure.
Council Tax Band: A
Tenure: Freehold
At the asking price of £125,000, the gross yield is therefore, approximately, 6.97%.
Water, gas, electric, broadband and council tax are paid for by the tenants themselves. The only planned expense for the landlord is the managing fee which, at the current rental cost, is £84. For maintenance costs, as they are an irregular payment, we recommend the rule of thumb that the landlord stockpile 5-10% of the net income.
The annual net income is therefore £7,392.
Selling for the asking price of £125,000 results in a net yield of approximately 5.91%. Please note that this does not account for a mortgage or costs resulting from the purchasing process such as stamp duty land tax, valuation/survey costs, search costs, conveyancer fees, etc.
The landlord is selling this property to invest in development elsewhere.
We (CREATE) are both overseeing the sale of the property and are currently managing its tenancy. We ensure that all mandatory property checks are made and keep certificates and records as proof. We also do six-monthly inspections.
Doncaster has recently acquired city status which should bring investment over the next few years. The city also has its longstanding attractions, those being the racecourse, bars & nightclubs, a cinema, a bowling alley, and the Dome leisure.
Council Tax Band: A
Tenure: Freehold
