Demand for private rental homes in Peterborough is increasing fast to the extent that yields have visibly increased. Investors who gear up their capital and buy with a mortgage can see a return on cash employed of up to 10%.
Example:
2 bedroom house in Walgrave, Orton Malbourne, Peterborough (shown above)
On sale for £94k – estimated £92k sale price
£2.4k annual potential pre tax net income equal to 10% return on capital employed
Based on:
• 25% deposit and 3.89% loan and £375 arrangement fee
• Deposit and cash for improvements £24.3k
• Estimated achievable rental: £575.00pcm
Free Buy to Let Advice
Terry Lucking is the owner and director of Belvoir Peterborough. Terry and his team are keen to help investors and landlords maximize their rental income offering a free one to one review. During these reviews Terry and his team will look at the various options to protect and increase your rental returns.
Belvoir offer you a free buy to let property selection service including a pre purchase visit, rental assessment and financial forecast.
Belvoir Peterborough is an accredited and regulated letting agency. Members of ARLA, Safe agent, Safeagent and the Property Ombudsman. One of the requirements for membership of ARLA and Safe Agent is to have Client Money Protection and all client monies independently audited and accounted for annually.
For more information or to ask Terry a question send an email to terry.lucking@belvoirlettings.com
