Hi all, My friend has just contacted me. He has a property where the sale has fallen through. Its on for 220k 1 bed flat, immaculate condition. Can be rented at between £1000 and £1100 per month EPC C Leasehold (Just finding out from my friend how long is on the lease) 75% LTV mortgage balance at £165k Deposit required £55k £12500 stamp duty Approximate mortgage payments £687.50 £110 management fees approx (can someone give me an idea as to what the insurance will be? I have based it off of being 10% of the rental value) Using what i have i have found the following results... Annual ROI is 3.42% Annual Yield 6% The returns aren't great IMO but i just need another opinion

https://www.zoopla.co.uk/for-sale/property/worksop/john-street/s80-1tf/?q=S80%201TF&search_source=home Hi Sam I saw this property No 57 John Street Worksop online over the weekend and checked out the comparables and the cost of refurb on Property Engine. Hope you receive this correctly. Thank you.

After a bit of advice. Been presented with an off market opportunity in Leeds from an estate agent. Its a turnkey property no work required to it. However its priced at £165K (which the agent has confirmed I can offer on the property) The problem is - the comparables. A lot of the comparables are larger sqft. The property itself is 63.89m2. The comparables all within the last year are around the 70-80m2. There's one within 1/2 a mile 70sqm but it needs doing up and is the cost of what the property is up for £165K so really its not a true reflection of the final GDV. So I'm kind of stuck - gut says walk away if lacking on comparables but would be interested to hear peoples thoughts?

Think this is it. Will attach the comp properties.

Hi Sam so this is the deal; my friend is looking to sell her HMO with tenants. I feel I could give her the option to do a R2R so she doesn’t have to deal with tenants or if she wants fully out. But I would love some in-site and weigh up the pros and cons if it is a good deal or not to take on. Thank you https://www.rightmove.co.uk/properties/173798222#/?channel=RES_BUY