Woodside Gardens, Tottenham
These houses offer an excellent discount of 20%. That's challenging to achieve on houses anywhere, and in London even rarer.
- Finance: Low Money Down - Buy for £13,857!
- Type: 5 x houses
- Bedrooms: Two beds
- Discount: 20% BMV!
- Market Value: £230,000
- Price: Net £184,000
- Equity: £46,000
- Yield: 6.5% pa, cash flow positive
- Profit: Potential £214,000 profit over 10 years
- Tenanted: Fully tenanted
Rental yields above 6% are superb when we are sourcing property in London; these little gems offer 6.5%, resulting in a cash flow positive deal.
The houses are fully tenanted. This means there are no fitting out costs and there is immediate income for the investor.
Because these units are tenanted there is no need to pay for white goods, flooring, window treatment etc which is often the case with untenanted properties. These units produce an immediate positive cashflow.
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