£150,000
Woodlands Road, Redhill, RH1
- 1 bed
£150,000
- 1 bed
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Alert: New BMV listing in Redhill, RH1 6HA
PURCHASE PRICE - £150,000
Market Value - £185,000
Discount - 19%
PRICED TO SELL - WITH VACANT POSSESSION
POTENTIAL RENTAL INCOME - £1,250pcm
Potential Yield - 10%
Cash Needed - 25%
Net Profit - £7,470
Return on Cash Employed - 16.6%
TENURE – Leasehold (150 years)
Service Charge - £1,100pa
Ground Rent - £0 due to lease renewal
COUNCIL TAX BAND – C
EPC Rating - D (Potential - 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.
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