Case Study
ADAVO
2 I ADAVO PROPERTY CASE STUDY - CHELSEA GROVE
PRE-PURCHASE
4 I ADAVO PROPERTY CASE STUDY - CHELSEA GROVE
RIP OUT
ADAVO PROPERTY CASE STUDY - CHELSEA GROVE I 5
WEEK 1
6 I ADAVO PROPERTY CASE STUDY - CHELSEA GROVE
WEEK 2
ADAVO PROPERTY CASE STUDY - CHELSEA GROVE I 7
WEEK 3
8 I ADAVO PROPERTY CASE STUDY - CHELSEA GROVE
WEEK 4 - COMPLETION
ADAVO PROPERTY CASE STUDY - CHELSEA GROVE I 9
LAST DAY - DRESSING
10 I ADAVO PROPERTY CASE STUDY - CHELSEA GROVE
FIGURES PURCHASE PRICE: £195,000 BEDROOMS: 6 RENT PER WEEK: £75 per room GROSS RENTAL INCOME: £1,800 pm GROSS YIELD: 11.1% LOAN TO VALUE: 70% DEPOSIT REQUIRED: £58,500 LEGALS: £600 STAMP DUTY: £1,950 (1%) MORTGAGE AMOUNT: £136,500 MORTGAGE PAYMENT: £8,190 (6%) RENTAL WEEKS: 48 (1 month void) GROSS ANNUAL INCOME: £21,600 LETTINGS MANAGEMENT: £2,592 (10%) TENANT FIND FEE: £900 (half month) BUILDINGS INSURANCE: £350 NET ANNUAL INCOME: £9,568 NET MONTHLY INCOME: £797.33 ROI: 15.7% ADAVO PROPERTY CASE STUDY - CHELSEA GROVE I 9
COMMITMENT DISCIPLINE EXCELLENCE
ADAVO PROPERTY LLP REGISTERED OFFICE: Q16, QUORUM BUSINESS PARK BENTON LANE NEWCASTLE UPON TYNE NE12 8BX T: 0845 519 3248 F: 0845 519 3249 E: MAIL@ADAVO.CO.UK W: ADAVO.CO.UK
STRENGTH HABIT FAITH PASSION PERFORMANCE INTEGRITY
ADAVO