White & Co Property Solutions Ltd
Date     Year
03/06    2008

Liverpool, Walton, Liverpool L4 - 3 bed mid tce - moving away - 18.5% BMV to you

The owners are moving to Birmingham, for work reasons, where they are planning to rent while looking for a house.  they don't yet know areas in Birmingham.

18.5% BMV

Ref 085
Photo - Arlo Greetings!

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Arlo
The Numbers
by Article Author Property Investment Image





Basic Figures
Market Value:                                          £ 80,000
Your Price:                                               £ 65,200 (including FF)
Below Market Value By:                           18.5%
Rentals *:                                                    £ 450 - 475pcm.  Housing Benefit
                                                                          changes mean you can get up to
                                                                          525pcm for 3-beds in Anfield now -
                                                                          with caveats. Check HERE

*****

There are other ways of funding the deals to 85% LTV of valuation figure, leaving you with 3.5% towards your professional fees.

*****
   
Total BMV to you after Finder's Fee: 18.5%. 

You will need to reimburse for the survey, and cover both sets of legal fees.  Other cost would include broker fees and bridging costs.

Around £2,800 cashback for fees.

             
Upfront Costs                          
  1. Deal Fee (to secure the deal)               £ 500 (subtracted from FF)
  2. Survey                                                          £ 350
  3. Search Fees (solicitor)                           £ 300
1 and 2 payable directly to me via PayPal or bank transfer within 24 hours of your acceptance to take on the deal. 3 is payable to the solicitor, unless otherwise stated above.

Finder's Fee
  1. 'Your Purchase Price' - see above - is calculated by adding the actual Agreed Price (AP - agreed with the vendor) to the Finder's Fee (FF) payable. 
  2. Both the AP and FF are private and will be revealed only to the investor chosen to proceed with this deal. 
  3. The FF is payable upon completion and comes from your remortgage finance. 

Upon Completion
  1. Broker (variable)
  2. Bridging Finance (if applicable, varies, normally a flat £500)
  3. Finders Fee (any remaining, see above, varies) - minus the Deal Fee which has already been paid to secure the deal
  4. Purchase Solicitor (typically £450+, plus VAT and disbursements)
  5. Vendor's Solicitor (normally a flat £500)
On a typical £100,000 property, all the fees, should come to around £2,000 - £2,500 (excluding the Finder's Fee).

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

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

AREA / PROPERTY DESCRIPTION

Solid 3 bed mid terrace, Victorian.  Needs a cosmetic upgrade before relet.  Double glazed and GCH, upstairs modern bathroom.

As a three bedder it could rent for 450-475pcm, although the LHA rates for housing benefit allow up to 525pcm for 3-beds in this ward.

The vendors daughter rents a 2-bed on the opposite side of the road, and would love to rent this as she has children and is outgrowing her current accommodation.  She is willing to rent it in current condition, so all that would be needed would be a gas safety cert and an elec check (both look reasonable condition).

Not many comps for sold properties in this street, but the last sold was 2 bed and was 71.5k. 

Estate agents thought 85k was roughly right so I am assuming it will value at 80k tops.  If less, I will negotiate with vendor to try to ensure the same discount for the buyer.

Its in the Walton disctrict of Liverpool, on the Anfield border, two streets away from Stanley Park (off Walton Lane) where of course the new Liverpool Football Club stadium will be built.  Check here.

There has been, and will continue to be, a lot of regeneration in this area, and with Anfield Stadium being converted in the next several years, its a good area to invest with good longterm potential.

Check wikipedia or simply google for further information re Anfield and Stanley Park stadium plans, or Anfield/Breckfield regeneration zone.

Please note your interest ASAP.




Finally


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