BTL

8 x Self-Contained Flats

Cirencester, Gloucestershire

£1,150,000Fixed price

  • Freehold
  • Eight self-contained flats:
    • 4 x one bedroom
    • 4 x two bedroom
  • Excellent condition following 2016 redevelopment
  • Fully let subject to Assured Shorthold Tenancies – average occupancy period of 24 months
  • Total Current Rent Reserved: £76,020 per annum
  • Estimated Gross Rental Value: £79,000 per annum
  • No arears
  • Wide range of local amenities within easy walking distance
  • Off-street private parking for eight cars

Offers in excess of £1,150,000 are invited for the Freehold interest, subject to all existing tenancies, subject to contract.

An acquisition at this level would reflect a gross initial yield of 6.6%

Flat 1 (1 bed)
Flat 2 (1 bed)
Flat 3 (1 bed)
Flat 4 (1 bed)
Flat 5 (2 bed)
Flat 6 (2 bed)
Flat 7 (2 bed)
Flat 8 (2 bed)
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Marketed by

Allsop

Call
020 7344 2628

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Investment Card

Rental income

£6,335 pcm

Est. costs

£2,652 pcm

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Breakdown (pcm)

Mortgage @3.69%
(interest only)
£2,652
Management @10%
£634
Voids @10%
£634
Maintenance @5%
£317
Insurance
£25
Cleaner
£60
Cashflow £3,683
6.6%

Gross Yield

3.8%

Net Yield

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Purchase costs


Deposit @25%
£287,500
Stamp Duty
£90,750
Legal
£1,500
Total cash needed £379,750
11.6%

Net ROCI