Uttoxeter
Uttoxeter semi-detached project
Semi-detached property prepared for social housing over 6 months. Figures supplied by MRM.
- Property type
- Semi-detached
- Purchase price
- £175,000
- Final refurbishment cost
- £80,000
- Value after refurbishment
- £350,000
- Capital needed
- £154,000
- Annual net rental profit
- £15,030
- ROCE
- 64%
- Net yield
- 4%
- Lease type
- Social housing
- Lease length
- 5–30 years
- Project duration
- 6 months
- 1
Purchase and refurbishment
Purchase price: £175,000. Final refurbishment cost: £80,000. Project duration: 6 months.
- 2
Value and capital
Value after refurbishment: £350,000. Capital needed: £154,000.
- 3
Rental figures supplied
Annual net rental profit: £15,030. ROCE: 64%. Net yield: 4%.
- 4
Lease details supplied
Lease type: Social housing. Lease length: 5–30 years.