Chesterfield
Chesterfield terraced project
Terraced property prepared for social housing over 6 months. Figures supplied by MRM.
- Property type
- Terraced
- Purchase price
- £92,000
- Final refurbishment cost
- £40,000
- Value after refurbishment
- £160,000
- Capital needed
- £144,000
- Annual net rental profit
- £15,840
- ROCE
- 66%
- Net yield
- 10%
- Lease type
- Social housing
- Lease length
- 5–30 years
- Project duration
- 6 months
- 1
Purchase and refurbishment
Purchase price: £92,000. Final refurbishment cost: £40,000. Project duration: 6 months.
- 2
Value and capital
Value after refurbishment: £160,000. Capital needed: £144,000.
- 3
Rental figures supplied
Annual net rental profit: £15,840. ROCE: 66%. Net yield: 10%.
- 4
Lease details supplied
Lease type: Social housing. Lease length: 5–30 years.