24 Minnard Road, Port Glasgow, PA14 5YN

2 bed flat - £2,995+vat

Rental Yield – 10% 30kms North East of Glasgow City Centre
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Property Details

Accommodation compromises of:

Hall, Lounge, Kitchen/Diner, Bedroom 1, Bedroom 2, Bathroom

Structure of deal:

 Market value £60,000

 Investor price £45,000
 Discount from market value 25%
 Purchase price on contract will be full Market Value price
 Estimated rent £375 pm
 Rental yield of 10%
 75% LTV Mortgage available subject to status
 25% deposit provided through bridging facility
 Investor to use recommended solicitor
 Lettings and management service available

Financial details:

Based on BM Solutions 75% LTV 4.60% interest rate. 2 year tracker

 Loan amount of £46,350 (including 3.0% arrangement fee)

 Monthly payments based on 4.60% interest rate of £178
 Rental income of £375 pm
 Cash positive rental income of £197 pm

MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a
general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the
sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service,
appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these
particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to
this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred
including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.
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Photos

Information Sheet
MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a
general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the
sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service,
appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these
particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to
this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred
including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.
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Number of Bedrooms 2

Property Age 1950’s

Type of Property i.e. Terrace/Semi-Detached/Flat Flat

If Flat – How many floors does the building have? G,1,2

What floor is the flat on? 1st

Are there any commercial units below? If Yes what No

type? Office, fast food, general shop?

Type of Construction

Freehold or Leasehold

Length Remaining on Lease

Factors (Name and how much)

What type of heating does the property have? Gas Portable Electric
Central Heating or Electric Storage

If GCH - is this through a Combi Boiler or back

boiler? Approx age of boiler?

Does the property have Double Glazing? UPVC

Are they uPVC/Aluminium/Wooden?

Approx age of Double Glazing & Condition?

How long has the owner owned the property?

Has the property had any extensions or alterations

Do the alterations have/need Planning Permission or

Building Regs Certificate?

Is there Parking? Garage/ On or Off Street? Resident carpark – non allocated

Is the Property currently Owner Occupier?

Does / Can the seller Complete in 6 weeks? Yes

Is the property currently being marketed elsewhere

Is there a HIPS in place?

Property Condition Report

Area

Property Exterior Grey roughcast. Security door entry.

MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a
general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the
sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service,
appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these
particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to
this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred
including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.
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Gardens

Windows & Doors

Roof / Gutter

Beech laminate, white wallpaper. Large walk-in

Hallway
cupboard. Good.

Living Room Beige carpet, white wallpaper

Dining Room

Stairs & Landing

Breakfast size. White units, beech worktop. Beech

Kitchen
laminate.

Kitchen - What is included in the sale? i.e. Free standing electric cooker, chrome extractor.
Oven/hob/extractor?

Bedroom 1 Beech laminate. Wardrobes.

Bedroom 2 Beech laminate, white modern wallpaper.

Bedroom 3

Main Bathroom Grey suite. Beech laminate. Green fully tiled walls

Approx Cost of Works:

Other

Additional Comments

MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a
general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the
sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service,
appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these
particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to
this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred
including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.