7 Year Lease Option Deal – Durham - £45,000 Profit

2 Bed Mid Terrace

Packaged Property Deals, “Leaving you time for more important things.”
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Property Details Carlton Street, Ferryhill, Co. Durham,

DH17

Accommodation comprises of:

Hall, Lounge, Kitchen, 2 Bedrooms, Bathroom.

Structure of deal:
 Market value £52,000
 Investor price £50,000
 Estimated rent £350 per month (single let)
 Mortgage payments £204
 7 Year Lease Option available
 Investment required - £3,995+vat
 Legals included
 £1,000+vat Reservation Fee

Financial details:
Investment required for lease option is £3,995+vat

 Rental cashflow (as standard property £146 per month)

 With tenant buyer, cashflow rises to £350 per month
 Split household (multi-let with 2) rises £250 per month
 Return on investment in 18 months
 No mortgage required
 No credit checks required
 No applications
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by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.
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 Recommended & experienced solicitors used

 Funds in Escrow until completion
 Profit (after 18 months) £4,200 per annum for 7 years = £23,100 + capital growth
 Profit during life of lease option £42,440 (minus tax and disbursements)

Photos

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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Neighbourhood Profile

Often, many of the people who live in this sort of postcode will be low income
families living in terraced estates. These are known as type 47 in the ACORN
classification and 2.41% of the UK's population live in this type.

Neighbourhoods fitting this profile can be found throughout the country, including
in Motherwell, Knowsley, Dagenham, Hartlepool and Sunderland. These are poor
families in low-rise estates.

The estates are home to nearly as many single parents as traditional two parent
families. There are many school age children and families are larger than average.
There are also some couples whose children have left home. Housing is usually in
the form of low-rise council terraces, perhaps with three bedrooms, but still
crowded for the size of family.

To be earning anything approaching an average income is rare. Long-term

unemployment is high, and employment is routine factory or manual work.

Travel is on foot or by public transport since few own a car. With money tight, food
shopping might be in Aldi or Kwik Save. Clothes might be bought at Asda, New
Look or frequently from catalogues.
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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In common with other low income types, the pub, betting, football pools, lottery
and bingo are common activities and entertainments. One luxury might be cable
TV.

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.
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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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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.
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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.