|Solicitor's fees & broker||£900|
|Mortgage loan @80% LTV||£33,750|
|Mortgage payment (interest only/PCM)||£98|
|Lettings management - 15% (PCM)||£47|
|Money left in||£6,375|
|Return on investment (PA)||40.7%|
73 Belfield Road
Accrington is working class area, with incomes below the national average and a high proportion of benefits claimants. As such, it is a particularly good investment area for the rental market due to demand being high. Accrington has a number of relatively deprived areas where the council and the private sector are investing in regeneration projects, bringing empty homes back into use, improving existing properties and demolishing some to create open spaces.
The council continues to use selective licensing of private landlords to ensure landlords adequately manage their properties, which maintains high housing standards and controls anti-social behaviour.