White & Co Property Solutions Ltd
Date     Year
21/01    2008

1 bed apartmentt, parking, gated community,  Islington (in Kensington), Liverpool L6

High discount - 20% BMV
Surveyed - RICS valuation already completed
Tenanted -  good tenant paying £550pcm
Low Cost - purchase price agreed at £92,000

This is a resale property from a distressed landlord, the discount is genuine (not inflated newbuild) and very impressive given the current market sentiments.
Photo - Arlo Greetings!

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Please see the last section for links to further information about this deal, and general terms and conditions.

If you wish to register your interest, or request further information, please email back.  This does not commit you to proceed with the purchase.

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Arlo
The Numbers
by Article Author Property Investment Image





Basic Figures
Market Value:                                          £ 115,000
Purchase Price:                                       £ 92,000
Below Market Value By:                           20%
Rentals *:                                                    £ 550 pcm (minimum estimate)
Finder's Fee:                                              £ 4,000
Cashback ** 85% LTV                           £ 5,750
Equity ***                                                  £ 17,250

Upfront Costs                          
No deal fee, finders fee due as already valued
Survey:                                                         £ 350
FULL Finders Fee:                                   £ 4,000 (if you must pay all finder's fee upon completion then this FF will be the full £4,950).
Search Fees (solicitor)                           £ 300


If you pay the Finder's Fee up front - this is a full 16.6% BMV to you, after the FF.  This means you will cash back your entire deposit and most of your purchase expenses.  If you choose to pay the higher FF upon completion - this will be 15.7%.

Either way, this is terrific value for a deal already negotiated and surveyed - and it comes pre-tenanted!

There may be other fees depending upon finance arrangements

Upon Completion
Broker (typically 1%)
Bridging Finance (if applicable, varies)
Any remaining Finders Fee (see above, varies)
Purchase Solicitor (typically £900 - £1,100 inc VAT + disbursements)
Vendor's Solicitor (normally a flat £500)

Notes
All mortgages are subject to survey and the purchasers own financial standing.  Figures given are for illustrative purposes only.

* This is usually given as a conservative minimum, or if the property is already tenanted, what is currently being paid by the tenant.
** Cashback is a raw figure, not taking into account all the various deductions that are taken out upon completion - such as mortgage setup fees, broker/bridging/solicitors/finders fees, stamp duty where applicable, etc.  If the number is given in blue, this mean the deal requires CASH IN at this LTV figure (plus associated costs as mentioned).  Cashback is possible due to the unique methods of purchase we will teach you (we can get you a mortgage based on the open market value, and not the purchase price)
*** Please read above note.  The figure assumes a standard 85% LTV mortgage and does not account for fees and charges added to the loan amount, which reduces the equity proportionately.

FINALLY - please remember we can provide you with a 'deal stacker' template (MS Excel - if you do not have Microsoft Office please contact me for an alternative).  This spreadsheet will give you a much more comprehensive financial analysis, which also allows you to play with the variables involved, and allows you to compare and contrast different mortgage products.



The Details

Terraced House ImageAREA / PROPERTY DESCRIPTION

Spacious  luxury appt,  1 bed, fully furnished. Also comes with secure parking space.

Additionally, there is an entrance hall, lounge, kitchen and large master bedroom.  The property benefits from storage heating and double glazed windows

The property is 2 years old and comes tennanted  already paying £550 pcm.

The property is situated on a main road next to Islington, which is the main road into the town center.  There has been major development and regeneration, making this area a much sought after location.

To see more about the regeneration around Wavertree, Edge Lane and Kensington - click here and here.  It is one of the biggest regeneration zones in the Northwest, and the area is already receiving the benefits.

It is within a few minutes of a few local shops. Also medical center including dentist. There are nearby bus routes.  Royal liverpool University Hospital (4 mins), Liverpool City center (5 mins). m62 (15mins).Liverpool Lime st.0.53miles, Liverpool central st.0.77 miles

This property is already let, fully furnished,  fitted kitchens to a high standard.   Secure parking facilities.  The tenant is paying £550pcm

Please note: this property has already been valued, so all it needs is a name change.  The valuation is £115,000with £550 rent achievable.

WHAT OTHER INFO IS AVAILABLE?
  1. Photos, full - can be sent by email
  2. Deal Stacker with financial projections



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Disclaimer:

No part of this email constitutes or forms part of a contract.  White & Co is not a licensed estate agency or licensed investment advisor.  White & Co is not authorised by the Financial Sevices Authority to give investment or financial advice. 

Terms & Conditions:

By replying to this email, or emailing back with the deal / lead reference number, you acknowledge and agree to the terms and conditions should you be chosen to purchase this lead and you then agree to proceed.  Please note 'stating an interest' or requesting further information does not commit you to anything.      

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