Great Investment opportunity for CASH BUYERS ONLY* Student Accommodation - Already Rented with one year rent upfront. Average earning around £500 Per month. Kitchen area Fitted with wall and base units with work surfaces and splashbacks, fridge freezer, electric oven and hob, sink unit with mixer tap, space for table and chairs bedroom/study Fitted with shelving and a desk unit, space for double bed, window to the side, electric heater. Shower room Fully enclosed and tiled shower unit, pedestal wash hand basin and WC. Rental income for the financial year 2021-2022 was £7,851.04 The service charge for the same financial year was £1972.27 Management fees are 4% plus VAT which equates to £375.36 for the same financial year. Ground rent was £283.54 Rent has increased over the years but this is an example from 2021. Lease - 239 years remaining
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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