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Derby ST s2
Derby ST s2
Identifying residential property with attractive letting income returns and potential for capital
appreciation
Conducting a preliminary survey
Preparing a detail report and financial projection for client approval
Project managing the property acquisition by negotiation and liaison with vendors, agents,
conveyancers, surveyors and any other relevant parties
Appointing approved letting agents
Our Fee:
A flat fee of 2000 will be payable on signature of the Tenancy Agreement by the first tenant
subsequent to completion of the purchase.
Identifying required refurbishment works (if applicable) and estimating the cost of such works
Project managing the refurbishment works to ensure the timely completion of the works to an
agreed budget and standard of finish
On-going management of the property
Please note that all assignments are tailored to clients specific requirements and any information or
reports supplied are for their personal use only.
Property Details
The subject of this investment proposal is a two bedroomed ex-council duplex maisonette in
Sheffield, South Yorkshire. The property is in good condition although it could benefit from
freshening up. The block is situated adjacent to public open space and enjoys spectacular views.
Sheffield City Centre is a short drive away and schools, shops and public transport are all
accessible.
Investment Aims
We consider that this investment would suit a conservative investor wishing to purchase a property
to with the primary aim of receiving rental income, and a secondary aim of achieving capital
appreciation. Such investments usually perform best in the medium to long term and it is therefore
recommended that ownership be retained for at least five years, but ideally indefinitely
Financial Summary
Property Address
Derby Street
Heeley
Sheffield
S2 3NG
Asking Price
41,000
4,560
11.1%
Cash Required
16,150
1,162
7.2%
7.8%
*This is the mortgage interest rate at which annual income and expenditure
Mortgage Details
Mortgage Amount
Deposit
Mortgage Repayment (Interest Only)
Mortgage Arrangement Fee
Rental Coverage Sufficient
30,750
10,250
103
1,500
OK
Mortgage Details
Mortgage Amount
Deposit
Mortgage Repayment (Interest Only)
Mortgage Arrangement Fee
Rental Coverage Sufficient
30,750
10,250
103
1,500
OK
2,168
150
547
520
351
600