Buy to Let Apartments Chorley

EXECUTIVE SUMMARY

Sumner House in Chorley is created to tick all the boxes for a buy-to-let investor. These high-yielding ‘smart homes’ offer simpler management, lower costs and smarter rental options. Using HG Smart Technology, investors, landlords and tenants alike are able to combat rising energy prices, manage contracts and monitor usage levels using smartphone technology.

INVESTMENT HIGHLIGHTS:

– Studios from £80,000, 1 Bed Apartments from £100,000, 2 Bed Apartments from £115,000
– Parking included
– Designed to maximise living space
– 7% Assured NET Yield
– 5 minutes to train station, restaurants and local amenities
– Centrally located with easy access to motorways
– 90% Sold Out!

INVESTMENT STRUCTURE:

£5,000 Reservation Fee
30% on Exchange
70% Balance on completion, (December 2017) (Minus Reservation Fee)

THE FINANCIALS (Cash):

£80,000 – Purchase Price
£5,600 – Net Rental PA

THE FINANCIALS (Mortgage):

70% – Loan to Value Rate
3.5% – Interest Rate
£24,000 – Deposit
£56,000 – Mortgage
£1,960 – Mortgage Cost Pa (£163 pcm)
£3,640 – Net Rental Return (£303 PCM)
15.2% – Return on Capital invested.