Case
Studies

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.

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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