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Clacton on Sea, Essex, CO16 8XX
2 Bedroom Bungalow
Bungalow residence offers with a 15 foot kitchen/diner, 14 foot lounge, bathroom and small enclosed rear garden area along with a frontage giving off street parking. We have spoken to 2 local lettings agencies who have confirmed healthy rental demand. Note the ROCE calculation does not include the costs of light refurbishment works required (please get in touch with us for more detailed figures / information).
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Purchase Price:£55,000.00
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Deposit (75% LTV):£13,750.00
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Monthly Rental Figure:£600.00
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Gross Yield:13.09%
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Mortgage Figure (@ 5% Payrate):£189.06
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Monthly Service Charge:£0.00
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Monthly Ground Rent:£0.00
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Estimated Total Monthly Holding Costs:£339.06
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Estimated Monthly Net Operating Income (NOI):£260.94
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Estimated Net Yield (Pre Tax / Post Refurb):5.69%
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Estimated ROCE (Annual Net Operating Income / Deposit):22.77%
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Estimated Annual Capital Growth Expectation:4-5%
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Stamp Duty Charge:£1,650.00
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Buyer's Legal Fees:£500.00
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Seller's Legal Fees:£750.00
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Lender's Legal Fees:£250.00
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Estimated Refurbishment Costs:£2,000.00
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Google Maps Area Link:
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Bing Maps Area Link:
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Wikipedia Link:
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Local Authority Website:
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