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7.8% return BTL Opportunity

GBP 21,000 pa current rental income

Tenants in situ until 30 June 2021

5 Double Beds

Spacious Reception Room

Front and rear gardens

Double Glazing

Gas Central Heating

WHBreading are delighted to offer to the market this immaculately presented BTL opportunity generating GBP 21,000 pa (a 7.8% return based on the asking price), excluding utilities, with tenants in situ for the current academic year to 30 June 2021. This spacious bungalow offers 5 bedrooms, each with a double bed, a good size living / dining reception room with flat screen Tv mounted to the wall, a modern kitchen, and bathroom with bath / shower, wc, and basin, and there is an additional shower room also. The property is fully double glazed, and benefits from a Worcester Bosch combi boiler providing gas central heating. The bunaglow is also equipped with mains powered fire and CO alarms, and holds a current HMO licence issued by the City Council on 2 January 2019 (valid for 5 years). Externally there is a pretty front garden, and a gravelled rear garden, with gated accesss to the side, and there is a shed too. Parking is available on street and no permit is required. A virtual tour is available of this property on our website. Call WHBreading today for more information! Extra notes: we are currently in receipt of an application for tenancy for the next academic year also, July 2021 to June 2022, also at GBP 21,000 pa, and are currently processing this application (subject to contract).

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Total SDLT due

Below is a breakdown of how the total amount of SDLT was calculated.

Up to £500k(Percentage rate 0 %)

Above £500k and up to £925k (Percentage rate 5 %)

Above £925k and up to £1.5m (Percentage rate 10 %)

Above £1.5m (Percentage rate 12 %)

*This is for illustrative purposes only
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This property is currently Sold STC. However, register your details below and we will contact you if it becomes available again.
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Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.