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£197,500
Oglander Road, Colbourne Court Oglander Road, SO23
- 2 beds
£197,500
- 2 beds
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Alert: New BMV listing in Winchester, SO23 7JE
PURCHASE PRICE - £197,500
Market Value - £240,000
Discount - 18%
SOLD WITH TENANTS IN SITU
RENTAL INCOME - £850pcm (Potential - £1,200pcm)
YIELD - 5.2% (Potential - 7.3%)
Cash Needed - 25%
Net Profit - £5,707.50
Return on Cash Employed - 9.8%
TENURE – Leasehold (82 years remaining)
SERVICE CHARGE - £400pa
GROUND RENT - £10pa
COUNCIL TAX BAND – C
EPC Rating - C (Potential - C)
Parking spaces communal
Rented for 20 years
New heating system 3 years ago
New appliances this year
Our estimated figures/ROI is based on a buy and refinance model. Market Value is calculated by our underwriting team using SOLD comparables, speaking with local agents and market information found online. Rental income assumes the estimated Market rent. Gross yield is market rent divided by Purchase price excluding fees. Interest assumes a 4.5% borrowing rate but you will need to adapt this for your own borrowing costs. Net profit amount is estimated rent minus mortgage payments. Deposit assumes 25% cash deposit and a mortgage of 75% loan to Value (LTV). ROCE assumes net rental income / cash deposit required at 25%.
Please enquire if you want a breakdown of our calculations.
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