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- Call: +44 (0) 161 337 3890
Investment Type: BUY-TO-LET
Est. Completion: AVAILABLE
Pure Investor are delighted to bring to the market this three-bedroom character property with great access to Newbury town centre and train station. The property does come with off road parking to the rear and overspill parking to the front. The property has landscaped gardens and is well presented and looked after throughout. The property consists of living room, dining room, kitchen, downstairs bathroom with bath/shower, sink, toilet, two double and one single bedroom upstairs. The property is currently tenanted with the tenant moving into the property at the end of 2023 and has a fixed 12-month contract till December 2024.
Newbury is a key location for London commuters looking to strike the perfect work-life balance. Despite the areas more relaxed fee, the property also offers close proximity to Newbury Train station, were commuters can access central London in just 40 minutes.
Investment Information
Full Address: 70 York Road, Newbury RG14 7NR.
Asking Price: £350,000.
Property Type: 3 bed Victorian end terrace.
Tenure: Freehold.
Tenancy Situation: Currently tenanted, tenants moved in on the 15th of December 2023 and are on a 12-month agreement.
Current Rental Income: £1,500pcm (£18,000 per annum).
Yield: 5.14%.
Current Letting Agent: Chancellors, Newbury (£990 annual fee).
INVESTMENT INFORMATION
| Cash Purchase | 75% LTV | |
| Purchase Price | £350,000 | £87,500 |
| Rental Income pcm | £1,500 | £1,500 |
| Gross Annual | £18,000 | £18,000 |
| Outgoings | ||
| Management Fee p.a. | £990 | £990 |
| Building Insurance p.a. | £366 | £366 |
| Service Charge p.a. | £0 | £0 |
| Ground Rent p.a. | £0 | £0 |
| Total Costs p.a. | £1,356 | £1,356 |
| Total Costs pcm | £113 | £113 |
| Loan To Value % | 0% | 75% |
| Interest Rate % | 0% | 4.5% |
| Mortgage Repayment pcm | £0 | £984 |
| Repairs % | 5% | 5% |
| Monthly Cashflow | £1,369 | £384 |
| Annual Cashflow | £16,424 | £4,612 |
| Gross Yield | 5.1% | 20.6% |
| Net Yield | 4.7% | 5.3% |
| ROI | 5% | 5% |
If you would like further details about Pure Investor or any of our property investment opportunities, please contact us using the form below or call us directly.
Any Questions?
Call: +44 (0) 161 337 3890
Call our team today on +44 (0) 161 337 3890
