OLD KERRY ROAD - SY16
This 3 bed property over four floors in Mid-Wales offers a discount below market comparables of up to £20,000 and can be purchased as a flip, traditional buy-to-let, HMO, or holiday home. The property certainly needs modernisation with a kitchen and bathroom ideally required – externally there are cracks on the cladding but the brickwork as is the roof.
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Financial Breakdown
Quick Sale Price: £75,000
Deposit: £18,750
Est Rent PCM: £600
Mortgage Payment PCM: £140.62
NET Profit PCM: £459.38
NET Profit PA: £5,512.56
NET Yield 8%
NET ROI 29%
Old Kerry Road
Newtown
SY16 1BP
Potential Market Value £95,000
Purchase Price £75,000
Discount £20,000
21% BMV
Launched January 2022