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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). *** PLEASE NOTE THE FIGURES BELOW ARE INCORRECT DUE TO IT ISSUES WE ARE CURRENTLY RESOLVING. APOLOGIES FOR ANY CONFUSION ***

Purchase Price:

£55,000.00
Deposit (75% LTV):
Monthly Rental Figure:

£600.00
Gross Yield:
Mortgage Figure:
Monthly Service Charge:

£0.00
Monthly Ground Rent:

£0.00
Estimated Total Monthly Holding Costs:
Estimated Monthly Net Operating Income (NOI):
Estimated Net Yield (Pre Tax):
Estimated ROCE (Annual Net Operating Income / Deposit):
Estimated Annual Capital Growth Expectation:

4-5%
Stamp Duty Charge:
Buyer's Legal Fees:

£500.00
Seller's Legal Fees:

£750.00
Lender's Legal Fees:

£250.00
Estimated Refurbishment Costs:

£2,000.00
Google Maps Area Link:

Clacton-on-Sea, Essex
Bing Maps Area Link:

Clacton-on-Sea, Essex
Wikipedia Link:

Clacton-on-Sea, Essex
Local Authority Website:

Tendring District Council

* Average rate of the top 8 Limited Company (SPV) buy-to-let mortgages (based on a purchase price of £100,000 / £75,000 loan / 25-year term and therefore not the financing terms of this transaction). See our monthly factfiles for the latest figures.