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Diamond Street Buy to Let

Project Details

Investment Opportunity: Buy To Let (Single Let)

Location: Diamond Street, Huddersfield, West Yorkshire

Bedrooms: 2

Background

This two-bedroom terraced property is located in the popular area of Moldgreen, just 1 mile from Huddersfield town centre, and was put on the market by a vendor who had acquired the property as an executor of a will. 

 

Find out more

With good local amenities and public transport links, we knew this property would make an ideal buy-to-let (BTL) property investment. Having been vacant for some time we used the negotiating skills of our team to purchase the property at below market value.

It took our team of experienced contractors just 2 weeks to refurbish the property and bring it up to rental market standard. The refurbishment included redecoration throughout, new carpets in every room and the installation of a shower over the bath.

After completion of the refurbishment work, we advertised the house to let and had no difficulty finding a suitable single let tenant. The property now generates an annual rental income of £5,700 and annual cash-flow after costs of £1,896.

Financial Overview

Purchase Price

£75,000

Purchase Costs

£6,950

Cost of Refurbishment

£10,000

Total capital outlay

£91,950

 

 

Monthly rental income

£475

Monthly costs

£317

Monthly cash flow

£158

 

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Team MODUS

Get in touch

Modus Property Limited

Modus House, 100a Wakefield Road, Lepton, Huddersfield, West Yorkshire, United Kingdom, HD8 0DL

Phone: +44 (0)1484 971065

Email: hello@modus-property.com

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