£150,000
Chapel Close, Crayford, DA1
- 2 beds
£150,000
- 2 beds
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Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
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PURCHASE PRICE - £150,000
Market Value - £192,000 (Current Value), £265,000 (Long Lease Value)
Discount - 21%
Purchase price - £150,000
(£73,000 to renew lease)
SOLD WITH TENANTS IN SITU
RENTAL INCOME - £1,150 pcm (Potential - £1,400pcm)
YIELD - 9.2% (Potential - 11.2%)
Cash Needed - 25%
Net Profit - £8,910.00
Return on Cash Employed - 19.8%
TENURE – Leasehold (37 Years Remaining)
COUNCIL TAX BAND – C
Our estimated figures/ROI is based on a buy and refinance model. Market Value is calculated by our underwriting team using SOLD comparables, speaking with local agents and market information found online. Rental income assumes the estimated Market rent. Gross yield is market rent divided by Purchase price excluding fees. Interest assumes a 4.5% borrowing rate but you will need to adapt this for your own borrowing costs. Net profit amount is estimated rent minus mortgage payments. Deposit assumes 25% cash deposit and a mortgage of 75% loan to Value (LTV). ROCE assumes net rental income / cash deposit required at 25%.
Please enquire if you want a breakdown of our calculations.
Your estimated purchase costs
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Stamp Duty tax
- Mortgage advice and application
- Conveyancing fee
- Homebuyer protection insurance
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