Some clients don’t know the area or have the necessary experience while others simply don’t have the time to research and locate a suitable investment. We are able to provide advice on buying and will happily track down a suitable property.
Student Housing Opportunities
We are always on the look out for good investments for our clients and at any one time we always know of two or three properties which we consider to be a good investment.
Opportunities at East 15 Acting School
Loughton is home to one of the UK’s leading acting schools. East 15 Acting School is part of the University of Essex and has recently expanded and with that has come a greater demand for student accommodation. Currently many students reside with host families or travel from surrounding towns. Your investment property can provide the sort of student housing that the nation’s future actors and actresses are searching for.
Investment Services
Our service has evolved to provide investors with a package comprising the following:
Mortgages arranged by our own Independent Adviser
Refurbishment and preparation carried out as necessary
Arrangements made for suitable tenants (with guarantors) to move in
Rent collected and maintenance issues taken care of by an experienced network of skilled trades people.
Investment Figures
Approximation only based on an interest-only mortgage at 5.5%
Please note: properties of £175,000 or less are not liable to pay Stamp Duty
Cost of property
£175,000
Purchasing costs
£2,500
Refurbishment/preparation
£1,500
Furniture – If provided
£1,500
Total
£180,500
Rental income
£16,600
Cost of mortgage
£7,218.72
Maintenance budget
£900
Letting fee (7%)
£1,161.99
Management fee (8%)
£1,328.00
Insurance and gas safety cert
£400.00
Deposit required
£43,750
Net profit
£34,28.73
(These figures are provided as a guide only. Please contact us to check the above figures before proceeding with the purchase of a property.)
Additional Services
We have access to a number of different property investment schemes across the UK. Our service has evolved to provide investors with a package comprising:
Properties sourced
Mortgage arranged by our own independent adviser
Refurbishment
Furniture packages
Legal work
Tax advice
Arrangement made for suitable tenants with guarantors to move in
Rent collected and maintenance issues taken care of by experienced property managers backed by the latest systems and skilled trades people
Questions? Give us a call on 0208 4180846, send us an email, or post on our Facebook wall.
Testimonial
...We were students at the local East 15 Acting School and our schedules often conflicted with normal work hours but McKinley Residential dealt with any problems that arose quickly and efficiently even out of office hours.
Investments
Some clients don’t know the area or have the necessary experience while others simply don’t have the time to research and locate a suitable investment. We are able to provide advice on buying and will happily track down a suitable property.
Student Housing Opportunities
We are always on the look out for good investments for our clients and at any one time we always know of two or three properties which we consider to be a good investment.
Opportunities at East 15 Acting School
Loughton is home to one of the UK’s leading acting schools. East 15 Acting School is part of the University of Essex and has recently expanded and with that has come a greater demand for student accommodation. Currently many students reside with host families or travel from surrounding towns. Your investment property can provide the sort of student housing that the nation’s future actors and actresses are searching for.
Investment Services
Our service has evolved to provide investors with a package comprising the following:
Investment Figures
Approximation only based on an interest-only mortgage at 5.5%
Please note: properties of £175,000 or less are not liable to pay Stamp Duty
(These figures are provided as a guide only. Please contact us to check the above figures before proceeding with the purchase of a property.)
Additional Services
We have access to a number of different property investment schemes across the UK. Our service has evolved to provide investors with a package comprising:
For more information please contact us.