Example of the Rental Project - Thornton Heath,CR7
Capital required: £7000 - on long term lease 3 years
4 bedroom property to rent £1,408 pcm (£325 pw) JV opportunity for a clueless investor.The presentation below shows what we can do for you.
JV OPPORTUNITY SUMMARY
Property type: 4 bedroom Detached property, Location: Thornton Heath CR7, London 1st MONTH INCOME FROM TENANTS £ 4400 POSITIVE CASHFLOW - 1st MONTH £ 225 2nd MONTH INCOME FROM TENANTS £ 2200 POSITIVE CASHFLOW - 2nd MONTH £ 407 DUE DILIGENCE RESEARCH
SINGLE LET RENTAL COMPARABLES 4 bed terraced £1,600 pcm Melfort Road Conditions: excellent 4 bed terraced £1,600pcm Grove Road Conditions: excellent 4 bed terraced £1,800pcm Kilmartin Avenue Conditions: excellent TARGET TENANT MARKET & RENTAL RESEARCH
POSITIVES
The property is situated close to Thornton Heath train station. Property boasts of four double bedrooms, two bathrooms and a massive open plan kitchen in newly build house situated on 1st floor with garden. This modern newly build house is luxurious with modern decor including spotlights, freshly painted walls, brand new laminated / carpeted flooring, double glazed windows, gas central heating. A big bonus : Private secured parking. NEGATIVES The property does not have off road parking, but residents can park on the street with ease as there is no through route. LIST OF PHOTOGRAPHS
ADDITIONAL INTERNAL / EXTERNAL SHOTS LOCATION, AREA & ECONOMIC FACTORS
LOCATION Thornton Heath is predominantly Victorian in both its residential and commercial sectors. There are a number of imposing, even grand, buildings surviving from this period. The nearest railway stations are Thornton Heath, Norbury, Norwood Junction and Selhurst. Croydon's Tram system is also just a short walk away, which links to places such as Wimbledon. Thornton Heath is a district of south London, England, in the London Borough of Croydon. It is situated 7.2 miles south-southeast of Charing Cross. SUMMARY OF WORKS
no needed - it has been previously redecorated TOTAL £0 FLOOR PLAN Floor Plans available upon request BUS CONNECTIONS
TRAIN CONNECTIONS
BREAKDOWN OF FIGURES
COSTS - 1st month
CASHFLOW FORECAST - 1st month
COSTS - 2nd month
CASHFLOW FORECAST - 2nd month
CAPITAL REQUIRED
OPTION 1 £7000 for 24 months with 15% a year Return on investment £ 1050/ a year Return on investment £ 2100/ in 2 years Paid in monthly instalments £87,50 or quarterly instalments £262,50 OPTION 2 £7000 for 36 months with 20% a year Return on investment = £ 1400/ a year Return on investment = £ 4200/ in 3 years Paid in monthly instalments £116,60 or quarterly instalments £350 TO RESERVE THIS PROPERTY... For more information or to make a reservation, please contact us via [email protected] |
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