West Yorkshire

2 Year Buy to Let

£54,770
of £54770
5
Current Investors
100%;
100%
Funded
 
24 Months Term
9% Below Market Value
9% Projected Net Rental Yield
37% Projected Growth

About The Property

  • Two Bedroom Period Cottage
  • Many Original Features
  • Brand New Kitchen
  • Expected Rent £425 pcm.

About The Area

  • Situated in the foothills of the Pennines, Bradford is part of the United Kingdom’s fourth largest urban area – West Yorkshire Urban Area.
  • Bradford has a population of just over 500,000. The city enjoys a great location just 10 miles from Leeds and has extremely good links to the rest of the major northern cities that surrounds it.
  • Bradford’s economy is one of the strongest in the region and it is expected to top £10 billion in 2017.
  • In total, over £500 million has been invested in the city centre over the last year, with an additional £200 million being ploughed into other parts of the wider district.
  • The last 12 months has also seen the opening of the new Westfield shopping and leisure complex, The Broadway. Eighty-two new stores fill the 570,000 sq ft of retail space and over 2,000 jobs have been created in the process.

Financials

Purchase Costs Purchase
Price £51,000
Acquisition costs (*) £1,170
Fee £2,600

Total costs £54,770

(*)Acquistion costs
Legal £700
Valuation £470
Renovation nil
Total acquisition costs £1,170

Projected annual rental dividends
Rental Income £5,100
Management fee (510)

Projected annual dividend income £4,590
Projected annual yield 8%
Projected total yield 17%

Projected Sale Proceeds
Sale price £75,000
Cost of purchase (£54,770)

Projected net gain on sale £20,230
Projected growth 37%

Total ROI over 2 years 17% + 37% = 54%

Location

Further Questions

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Calculate your earnings

£

With a £1000 investment, we project you could get back £1245, of which £1045 will be paid at a monthly rate of £87 p.m.

Based on 37% projected capital growth and 9% projected Net Rental Yield.

Historic house prices are not a reliable indicator of future performance. The rates of return quoted are illustrative only and are not guaranteed.