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I09- Church Street, Huddersfield
Currently Let: £480/pcm
Church St, Paddock, Huddersfield, UK
Property Information:
Purchased tenanted but requiring refurbishment when vacant.
Current figures:
Purchase Price (mortgaged): £75000
Monthly Rent: £450
Monthly costs (mortgage, insurance) £232
Monthly cash flow: £218
Deposit/ fees £18600
Current return on investment: £14.06%
Figures after refurbishment
Estimate spend: £8000
Estimated Fees: £3600
Total spend: £86600
Estimated end value £100,000
Money back from remortgage = £75000
Money left in deal: £11600
Monthly Rent Once refurbished : £575
Monthly costs (mortgage, management, insurance) £264
Monthly cash flow: £311
Return on investment: 32.1%
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