House For Sale £160,000
The following figures have been calculated assuming full occupation.
The annual gross income is £22,360. At the asking price of £160,000, the gross yield is therefore, approximately, 14.0%.
The total expenses per month are £656. This includes water, gas, electric, broadband, council tax, and managing agency fees. Please note that this does not include maintenance costs as they are irregular and inconsistent.
Given the cost of expenses per month, the annual net income is therefore £14,488.
Selling for the asking price of £160,000 results in a net yield of approximately 9.10%. Please note that this does not account for a mortgage or costs due to 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.
This is a wonderful shared house consisting of five bedrooms, a large kitchen, a small shared utility room, a substantial garden with BBQ facilities, and an outdoor veranda for use in cold/wet weather.
The two bedrooms downstairs each feature an en suite. There's also a storage room reserved for Room 3 as Room 3 (which is upstairs) does not have the requisite floorspace. The three rooms upstairs share a bathroom.
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 centre.
Council Tax Band: A (Doncaster Council)
Tenure: Freehold
The annual gross income is £22,360. At the asking price of £160,000, the gross yield is therefore, approximately, 14.0%.
The total expenses per month are £656. This includes water, gas, electric, broadband, council tax, and managing agency fees. Please note that this does not include maintenance costs as they are irregular and inconsistent.
Given the cost of expenses per month, the annual net income is therefore £14,488.
Selling for the asking price of £160,000 results in a net yield of approximately 9.10%. Please note that this does not account for a mortgage or costs due to 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.
This is a wonderful shared house consisting of five bedrooms, a large kitchen, a small shared utility room, a substantial garden with BBQ facilities, and an outdoor veranda for use in cold/wet weather.
The two bedrooms downstairs each feature an en suite. There's also a storage room reserved for Room 3 as Room 3 (which is upstairs) does not have the requisite floorspace. The three rooms upstairs share a bathroom.
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 centre.
Council Tax Band: A (Doncaster Council)
Tenure: Freehold
