fully let at £370 a room per month. A monthly income of £1,480 / £17,760 a year
Running costs are under £300 per month, (Gas and electric £100, Council tax £108, Water £40, Broadband £40)
The property was originally a 3 bed house, and these houses currently are valued at £120,000 - £130,000
Vendor was asking for £145,000. Deal secured at £125,000 meaning even after running costs, it will show an 11% yield.
Reference: RS0259
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*** INVESTMENT OPPORTUNITY ~ 11% YIELD ***
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