Our spacious two bed flat is in a leafy area of Southampton. We buy our flats over a certain square footage and close to industry to ensure there is high tenant demand with no void periods, to achieve the maximum premium rental possible. This low maintenance property brings in great cash returns each month for considerably less start-up capital than would be needed for a multi-let.
We were able to buy this property below its market value as a sale had just fallen through and the vendor was motivated for a quick sale since he was emigrating to Australia. When this property is re-financed at a re-appraised current market value we intend to pull out part or all of our capital invested. This means money can be returned to investors quicker or invested into another property.
- Purchase — £129,000
- Refurb and costs — £4,000
- Total cash investment — £36,000
- Gross monthly income — £800
- Net monthly income — £500
- Annual net profit — £6,000
- Net ROI – 17%
A single let is a traditional rental where a property is rented in its entirety to one or more people on a single rental contract. Although returns may be lower than that of a multilet the initial investment needed can be much less and ongoing maintenance and lettings costs can be lower.
Medium to low initial cash investment and good monthly cash flow returns
“The room is very beautiful and I feel good in the house”
“The house is beautiful inside, I was really happy to get the opportunity to become a tenant there”
“It is a pleasure to market such a lovely house. You’ve done an amazing job”
– Letting Agent
“Well done, it looks amazing and I hope that it works really well for you. We are thrilled that you have taken action and got this up and running”
– Property Investor