HEATHFIELD DRIVE - CR4
A one bed flat in South London that comes with a huge £70,000 discount with estimated rents at £1,275 pcm. Situated in a modern building in Croydon this leasehold property is in fair condition with an update required and can be purchased to flip or to buy, refurb, refinance and let. Cash or bridge buyers preferred with full legal pack available upon request.
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Financial Breakdown
Quick Sale Price: £190,000
Deposit: £47,500
Est Rent PCM: £1,275
Mortgage Payment PCM: £356.25
NET Profit PCM: £631.25
NET Profit PA: £7,575
NET Yield 5.1%
NET ROI 12.1%
Heathfield Drive
Mitcham
CR4 3RH
Potential Market Value £260,000
Purchase Price £190,000
Discount £70,000
27% BMV
Launched January 2022