JQ Rise- Investment Properties Birmingham
JQ Rise will be built from 226 one, two and three bedroom apartments, over 25 floors this exclusive sophisticated development is a short walk from HSBC and PWC buildings in the heart of Birmingham city centre. a short walk from new street station prices from £199,995 -£292,995.
5%
Yield
Starting From
£199,995
Overview
SUMMARY
GBP Purchase price £199,995.00
RESERVATION / EXCHANGE STAGE
Initial Reservation Deposit - 5% £9,999.75 Legal Fees £850.00 Reservation / Exchange stage total due £10,849.75
MONTHLY DEPOSIT PAYMENT STAGE
£59,998.50 Deposit divided by 24 months build schedule £2,499.94
COMPLETION STAGE
Balance payment - by way of mortgage or cash £139,996.5 Initial mortgage arrangement fee (if applicable) via Verve Mortgages £999.00 Amount due at Completion Stage £140,995.50
INCOME
Estimated gross rental income £850 £10,200.00 Estimated gross rental yield based on above 5.10%
EXPENSES
Service Charge (estimated) £1,000.00
Ground Rent (estimated) £300.00
Total £1,300.00
INCOME NET OF EXPENSES
£741.67= £8,900 per year 4.45%
GBP Purchase price £199,995.00
RESERVATION / EXCHANGE STAGE
Initial Reservation Deposit - 5% £9,999.75 Legal Fees £850.00 Reservation / Exchange stage total due £10,849.75
MONTHLY DEPOSIT PAYMENT STAGE
£59,998.50 Deposit divided by 24 months build schedule £2,499.94
COMPLETION STAGE
Balance payment - by way of mortgage or cash £139,996.5 Initial mortgage arrangement fee (if applicable) via Verve Mortgages £999.00 Amount due at Completion Stage £140,995.50
INCOME
Estimated gross rental income £850 £10,200.00 Estimated gross rental yield based on above 5.10%
EXPENSES
Service Charge (estimated) £1,000.00
Ground Rent (estimated) £300.00
Total £1,300.00
INCOME NET OF EXPENSES
£741.67= £8,900 per year 4.45%
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