Objective:
Enter the UK property market with minimal capital outlay while securing a strong, predictable income stream.
Acquisition & Finance:
- Purchase Price: £73,000
- Stamp Duty & Fees: £3,650 SDLT, £1,800 legal costs
- Sourcing Fee (inc. VAT): £2,000
Our finance team arranged a competitive Buy-to-Let mortgage, covering 75% of the purchase price, with the remaining cash deployed into refurbishment and fees.
Refurbishment & Design:
- Development Budget: £5,000 for full redecoration, new kitchen units, and bathroom refresh
- Rapid turnaround (4 weeks), managed end-to-end by PJ Building & Developments and OHL Design, ensured minimal void periods.
Letting & Management:
- Gross Rental Income: £8,700 per annum
- Ongoing Costs: £1,779 (management, compliance, utilities setup)
- Net Income: £6,921 PA
After all costs, this deal delivers an 8.10% net yield on cash invested, positioning it as an ideal low-risk, high-entry strategy for first-time or cash-conservative investors.
Key Takeaways:
- Low Entry Barrier: Sub-£80k purchase cost in an emerging market.
- Quick Turnaround: Simple refurb scope allowed for letting within one month.
Demand Profile: Doncaster’s strong rental demand from commuters and young professionals underpins occupancy and rent stability.