Manchester
Manchester terraced project
Terraced property prepared for social housing over 3 months. Figures supplied by MRM.
- Property type
- Terraced
- Purchase price
- £121,000
- Final refurbishment cost
- £0
- Value after refurbishment
- £135,000
- Capital needed
- £43,845
- Annual net rental profit
- £10,306
- ROCE
- 24%
- Net yield
- 9%
- Lease type
- Social housing
- Lease length
- 5–30 years
- Project duration
- 3 months
- 1
Purchase and refurbishment
Purchase price: £121,000. Final refurbishment cost: £0. Project duration: 3 months.
- 2
Value and capital
Value after refurbishment: £135,000. Capital needed: £43,845.
- 3
Rental figures supplied
Annual net rental profit: £10,306. ROCE: 24%. Net yield: 9%.
- 4
Lease details supplied
Lease type: Social housing. Lease length: 5–30 years.