Property
Sourcing and Repairs and Renovations
The team of experienced consultants at Property Fit source property
for clients in NW England and SW London. The majority of this
is terraced property in Manchester and Lancashire. Where the
returns allow we also source apartments. Property Fit source
deals based on client briefs. Listed
below are the kind of typical deals that Property Fit sources. |
| The
Property Fit Way |
| |
Determine
client objectives |
| |
Create
investment strategy |
|
Source
property |
|
|
Negotiate
deals and manage process |
|
|
Manage
repairs |
| |
Ensure
property is let |
|
UK
Northern Terrace Example
a. 2 bed mid
terrace house
b. Greater
Manchester area
c. £65,000
(15 – 25% below value)
d. Rent
£400 per month
e. Yield
7.3%
f. £165
Positive Cash-flow per month (at 75% of purchase price and
mortgage at 5.5% Interest Only) |
 |
|
UK New Build Example
a. 2 bed new
build apartment with parking in Central Manchester
b. £110,000
(expected 24% below value)
c. Rent
£675 per month
d. Yield
7.3%
e. £300
Positive Cash-flow per month (at 75% of purchase price and
mortgage at 5.5% Interest Only)
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 |
Mid
Terrace Example
a. 2 bed mid
terrace house
b. Greater Manchester area
c. £72,000
d. Rent £450 per month
e. Yield 7.5%
f. £200 Positive Cash-flow per month (at 75% of purchase
price and mortgage at 5.5% Interest Only)
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 |
Flat
Example
a. 1 bed flat
b. Greater Manchester area
c. £40,000
d. Rent £350 per month
e. Yield 10.5%
f. £210 Positive Cash-flow per month (at 75% of purchase
price and mortgage at 5.5% Interest Only)
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 |
Studio
Apartment
a. Studio Apartment
b. Market Price = £270,000
c. Investor Price = £235,000
d. Discount = 15%
e. Yield = 6.1%
f. Rent = £1200pcm
g. Mortgage = £732
h. Cash-flow = £467
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Luxury
City Apartment
a. 2 Bed Lux City Apartment
b. Market Price = £600,000
c. Investor Price = £495,000
d. Discount = £105,000
e. Yield = 4.7%
f. Rent = £1950 pcm
g. Mortgage = £1350 pcm
h. Cash-flow = £600
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Repairs
and Renovations
Property
Fit have a team of tradesmen that can help you with anything
from a small repair to a full property renovation. Property
Fit has worked with contractors for many years and now have
a dedicated and strong team of sub-contractors that includes:
· Joiners/handymen
·
Electricians – NICEIC qualified
·
Gas Engineers – Gas Safe qualified
·
Roofers
·
Plasterers
·
Damp Proof Contractors
·
Wall tie specialists
·
General builders
·
Decorators
·
Window contractor – FENSA |
Bathroom
before renovation...
 |
Bathroom
after renovation...
 |
| Kitchen
before renovation... 
|
Kitchen
aftere renovation...
 |
| Back
to top |
