|Mortgage loan @80% LTV||£48,000|
|Mortgage payment (interest only/PCM)||£160|
|Lettings management - 12% (PCM)||£54|
|Money left in||£8,300|
|Return on investment (PA)||31%|
25 Sandringham Road
This property was in particularly bad repair at the point of purchase and needed considerable refurbishment. Spacious enough to be converted from 2 to 3 bedrooms, this maximises the rental potential increasing the yield. Darwen’s rental market is very buoyant making this an excellent investment opportunity.