3 Bed semi detached house

Open Market Value - £185k

Purchase Price - £145k (22% off)

Rent In Area - £750

Agreed rent with tenants - £830

Fees & Costs (Will vary dependent on service providers used):
Reservation fee = £100

Legal Cost: £1,000
Valuation fee: £500
Stamp duty: £1,450
Finder`s fee: £2,175 (1.5%)
Total costs: £5,125

Open Market Value - £145k

Purchase Price - £103k (29% off)

Property Condition - Good

No Rent Back

• End of terrace
• 3 Bedrooms
• Living room & separate dining room
• Enclosed rear garden
• Driveway parking
• No onward chain

A 3 BEDROOM PROPERTY WITH 2 RECEPTION ROOM, PARKING AND ENCLOSED REAR GARDEN. NO ONWARD CHAIN.

All negotiation has been carried out and the purchase price is agreed.

Location: Dartford, Kent, DA1

Property Details: 3 Bed maisonette in a purpose-built ex-council block above a commercial premise (with seperate entrance)
Tenure: Leasehold
Vendor Situation: Lost job and wanted quick sale
Rent-Back: No

Market Value: £140,000 (RICs valuation was done last week)
Purchase Price: £111,000
BMV Discount: 21%
Rental Value: £775 (possible multi-let)
Instant Equity: £29,000

Finder’s Fee: £2,000
Reservation Fee: £300 (Deducted From Finder's Fee)

Finance Illustration
Mortgage: 116,000 (7.79%, 100 rent cover)
Purchase: 111,000
Gross cashback: 5000
- Legal costs: 1200
- Finder fees: 2000
- alternative finance: 1000
- Valuation: 300
Net cashback: 500

Monthly repayment: 753
Rent: 775

(The above is for illustration only. Figures will vary depending on service providers used. You are highly recommended to use our chosen solicitors and brokers)

Property Type: 3 Bed Semi

Open Market Value - £165k

Purchase Price - £127k

Rent In Area - £675pcm

Rent agreed - £800pcm

Fees & Costs (Illustration only. Will vary dependent on service providers used):

Reservation fee = £100

Legal Costs: £1,000
Valuation fee: £500
Stamp Duty: £1,270
Finder’s fees: £1,905
Total costs: £4,675

3 Bed end of terrace house

Open Market Value - £135k

Purchase Price - £103k (24% off)

Rent In Area - £550

Fees & Costs (Will vary dependent on service providers used):
Reservation fee = £100

Legal costs: £1,000
Valuation fee: £500
Finder`s fee: £1,545 (1.5%)
Total costs: £3,045

3 Bed semi detached house

Open Market Value - £140k

Purchase Price - £105k (25% off)

Rent in area - £550

Rent agreed with tenants - £550 for year one with 5% increase in the next

Fees & Costs (Will vary dependent on service providers used):
Reservation fee = £100

Legal costs: £1,000
Valuation fee: £500
Finder's fee: £1,575 (1.5%)
Total costs: £3,075

2 Bed Terrace in good location

Open Market Value - £125k

Purchase Price - £95k (24% off)

Rent in area - £650

Fees & Costs (Will vary dependent on service providers used):
Reservation fee = £100

Legal costs: £1,000
Valuation fee: £500
Finder`s Fee: £1,425 (1.5%)
Total costs: £2,925

3 Bed Semi Detached House

Open Market Value - £125k

Purchase Price - £88k (29.6% off)

Rent in area - £400pcm

Agreed rent with tenants - £400

Fees & Costs (Illustration only. Will vary dependent on service providers used):
Reservation fee = £100

Legal fees: £1,000
Valuation fee: £500
Finder`s fee: £1,760 (2%)
Total costs: £3,260

3 Bed. Bay Windowed End Terrace.

Town: Heywood (Lancs) Post code. OL10

Value: £ 90,000 Price agreed £70,000 22%BMV. (£20k BMV).

Rent £495+. Pcm Yield 8.5%.

No Money Down + Cash Back deal.

Up to 100% Finance Now Available.

Full details here: http://tinyurl.com/Done-Deals

Or E-Mail me.

Deal Reference: 385
Below Market Value Discount: 26%
Investment Type: Vacant Possession
EQUITY: £30,000*
NB - There is a cashback depending on chosen mortgage product

Property Details: 3 Bed Semi-Detached
Address: Ribbleton, Preston, PR2
Tenure: Freehold

RICS Market Value: £115,000
Sale Price to Investor Client: £85,000
Your Discount: 26%
RICS Rent Value: £550 pcm
Agreed Rent Back Rent: £N/A

Property Condition: Average condition, no major work required

General Comments: The address is a small mature close of about thirty similar properties, largely semi-detached, directly off one of the main roads. It is on the outskirts of Preston close to the ring road and within half a mile of the M6. There is therefore easy access to all the main motorway network in this area, M6, M61, M65, M55 and also the main A6, linking the area to Blackpool, Lancaster, the Lakes, and the South. There are quite a number of small shops, Post Office, Tesco express, 2 pubs, within a short walking distance, and the main road is a bus route. The main road itself is a wide thoroughfare, tree-lined, with pre-war large semis and some detached houses.

PURCHASE COSTS
Deal Sourcing Fee @ 1.5%: £1,275 (Payable on receiving DIP from lender)
Admin Fee: £500 (Payable on receiving DIP from lender)
Broker Fee: £250
Valuation Fee: £350
Buyers Legal fees: £850 Approx. (£650 + VAT + Disbursements)
Vendors Legal fees: £600 Approx (£450 + VAT + Disbursements)