The property is a substantial stone end of terrace 3 rec, 4 beds, and 2 bathroom property. One of the reception rooms is adjacent to the kitchen and therefore makes a good communal dining room. The property also has its own basement. Yield 14.27%
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A double fronted, stone, end terrace 3 bed house in a nice, very popular area of Burnley. This property would provide 4 excellent sized bedsits (post works) and command a rent of £70/wk per bedsit.
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A 3 Bed/2 Rec property which would easily be able to be split into 4 very good sized bedsits. A rent of £70.00 per week can be anticipated per room.
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A 3 bedroom, 2 reception room mid-terrace suitable for 4 very good sized bedsits. Building costs to realise the 4 bedsits: £7,200. Anticipated rent £14,560/annum gross.
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Rental:
Property purchase £64,000
Rental income £70 x4 = £280/wk = £14,560/pa
Gross rental yield of 22.75%
Allow monthly expenditure of £400/month to cover all bills & management fee, net rental yield would then be £9,760/pa = *15.25%*
Cash breakdown:
Â...
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