Helmsdale Road Nelson Lancashire

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: £14k deposit (£6k cash back) on completion £6k refurbishment £2.5k sourcing fees £1.8k legals & broking Total investment = £64,000 †cash required £18.3k

p<>. WORK SCHEDULE: 1/ Full wiring check and bring up to current NIC/EIC regulations to include the installation of a new consumer unit with trip out switches. Provide electrical certificate. 2/ Full Damp Proof Check and complete all recommendations. Provide report and/or guarantee. 3/ Full roof check, including gutters, downspouts, ridge tiles, chimney stack, lead valleys to ensure water tightness. Complete all recommendations and provide report. 4/ Full gas combi central heating check and provide landlords gas cert. 5/ Supply and fit smoke detectors in all bedrooms and kitchen. 6/ Erect new fire resistant studded wall to make 2nd bedsit in rear living room. 7/ Supply and fit 6 x internal fire resistant doors including furniture plus 4 x Yale locks. 8/ Supply and fit oven/hob, fridge/freezer and washing machine. 9/ Take down studded wall between 2 small beds and make good to provide 1 large bedroom. 10/ Decorate as applicable. 11/ Carpet as applicable (especially the back bedroom where it currently is 2 small beds). 12/ Remove all debris.