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Case Study

ADAVO


2 I ADAVO PROPERTY CASE STUDY - GAINSBOROUGH GROVE


Pre-Purchase

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rIP oUT

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wEEK 1

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wEEK 2

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wEEK 3

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wEEK 4 - cOMPLETION

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lAST dAY - dRESSING

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fIGURES PURCHASE PRICE: £205,000 BEDROOMS: 7 RENT PER WEEK: £75 per room GROSS RENTAL INCOME: £2,100 pm GROSS YIELD: 12.3% LOAN TO VALUE: 70% DEPOSIT REQUIRED: £61,500 LEGALS: £600 STAMP DUTY: £2,050 (1%) MORTGAGE AMOUNT: £143,500 MORTGAGE PAYMENT: £8,610 (6%) RENTAL WEEKS: 48 (1 month void) GROSS ANNUAL INCOME: £25,200 LETTINGS MANAGEMENT: £3,024 (10%) TENANT FIND FEE: £1,050 (half month) BUILDINGS INSURANCE: £350 NET ANNUAL INCOME: £12,116 NET MONTHLY INCOME: £1,013.83 ROI: 19.0% adavo PROPERTY CASE sTUDY - GAINSBOROUGH GROVE I 9


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ADAVO PROPERTY LLP REGISTERED OFFICE: Q16, QUORUM BUSINESS PARK BENTON LANE NEWCASTLE UPON TYNE NE12 8BX T: 0845 519 3248 F: 0845 519 3249 E: MAIL@ADAVO.CO.UK W: ADAVO.CO.UK

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Adavo property case study gainsborough grove