Doncaster Road
Selby, YO8 9BS
£325,000
This is a substantial building in a residential area, situated amongst the original Victorian properties. It is within easy walking distance to all essential amenities, making it a desirable location for tenants.
While the building is in excellent condition it would benefit from some internal modernisation which would allow the buyer to increase the rental income by more than 20% when reletting.
Thanks to the architecture, prominent location and modernisation potential, the property can be expected to appreciate at an above-average rate.
Property Investor Details
Utilities
£1,800
Council Tax
£1,600
Management fees Housemates
£2,217
Annual income
£31,671
Mortgage repayment*
£12,188
Gross yield
9.74%
Net yield
8.02%
Net yield remortgaged
17.07%
5 year ROI remortgaged
246.35%
*Calculated at 25% LTV with a 5% interest only mortgage. This value can vary subject to respective mortgage lenders.
Calculation Brochure and Property Management Solutions
Download the brochure for this property to see how we calculate the figures displayed above and get additional insight on how to maximise returns. Check out our buy-to-let management solutions as well for comprehensive and investor-friendly letting agent services.