Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 6

£1,000+VAT to Reserve - £21,000 Instant Equity – Cash flow £164pm

2 Bed Apartment
Packaged Property Deals, “Leaving you time for more important things.”
Page |2

Property Details Stewertson Street, Wishaw, ML2


8AG

Accommodation comprises of:


Hall, Lounge, Kitchen, Bathroom, 2 bedrooms

Structure of deal:
 Market value £85,000
 Investor price £63,750
 Discount from market value 25%
 Estimated rent £395 per month (single let)
 Mortgage payments £231
 Investment required - £1,000+vat (+legals paid on completion)
 Legals included
 Rental profit £164 per month

Financial details:
Investment required is £1,000+vat (+legals paid on completion)
 With tenant buyer, cash flow rises to £350 per month
 Return on investment in 18 months
 Recommended & experienced solicitors used
 Reservation of £1,000+vat
 Total investment required £2,200+vat

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by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.
Page |3

Photos

Location

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.
Page |4

Neighbourhood Profile
Often, many of the people who live in this sort of postcode will be low income singles living in
small rented flats. These are known as type 22 in the ACORN classification and 1.38% of the
UK's population live in this type.

Geographically neighbourhoods fitting this profile occur in various locations including


Canterbury, seaside towns such as Torquay and Blackpool, and Scottish towns such as Dundee,
Galashiels, and Paisley.
These neighbourhoods are largely composed of single people, both young and old. Around
20% of the people in these areas are in their 20s, but 10% are over 75. Both are well above the
national average. The dominant characteristic is the single person renting small flats. There
may also be some communal establishments such as nursing homes.

Incomes are quite low. People have average educational qualifications. Their relatively routine
jobs are in shops and offices, and there is some unemployment. With the elderly contributing
to higher than average numbers of people with long term illnesses, these areas are beginning
to experience some need for social services.

While the younger people aspire to gold cards, interactive TV and telephone banking, the
reality is they have low limits on their credit cards, plan to pay off debts, and possibly need a
loan. Their spending on food is low, and catalogue shopping helps them economise. Few
people own a car, with those who do paying high insurance premiums. Most get about on
foot, by bike, or public transport.

The pub is a relatively popular place for eating, either at lunch-time or in the evening. Leisure
interests tend to be football and betting on the horses. At home they might unwind by
listening to music or reading a novel. There is a keen interest in self-improvement and
education.

Rental Comparables
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.
Page |5

Sales Comparables

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.
Page |6

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.

You might also like