Latest BMV Property Deal – Liverpool L15

BMV Property: Direct From Motivated Sellers..

Liverpool L15

 

Key Points:

  • Market Appraisal £70,000
  • Investor Price £55,000
  • Instant Equity £15,000
  • Cash Flow £244 pcm
  • 2 bed terrace
  • Emigration

The Property is a 2 bedroom terrace house in Liverpool, L15
The property consists of an Entrance Hall, Living Room through Dining Room, Kitchen, Bathroom, 2 Bedrooms and a Rear Yard.

Lettings

This property would let for approximately £400 – £450 pcm

Comparables

For Sale

£68,500 Strathcona Road, Wavertree, Liverpool, L15- 2 bedroom terraced house,
http://www.rightmove.co.uk/property-for-sale/property-34276176.html

£75,000 Strathcona Road, Wavertree, Liverpool, L15- 2 bedroom terraced house,
http://www.rightmove.co.uk/property-for-sale/property-55998754.html

£ 69,950 Plumer Street, Wavertree , L15 – 3-bedroom terraced house, Rightmove
http://www.rightmove.co.uk/property-for-sale/property-39923682.html

Sold Prices

£70,000– 11 Colville Street for £70,000 in Jul 2016 – 2 bed terrace
£77,500– 24 Methuen Street for £77,500 in Jul 2016 – 2 bed terrace
£71,000– 15 Victor Street for £71,000 in Jun 2016 – 2 bed terrace

Why this area

The property is in a good location in Liverpool and is well served by local shops and amenities.

Freehold/Leasehold:

We understand this property is Freehold. We strongly recommend that the buyer’s solicitors verify the same with the seller’s prior to exchange of contracts.

Reason for Sale – Emigration

The Figures
Market Appraisal £70,000
Purchase Price: £55,000
Mortgage at 75%: £41,250 (Subject to Status)
Deposit at 25%: £13,750
Rental Income: £450
Mortgage*: £141
Management: £45
Insurance: £20
Cash Flow/Profit: £244pcm
*Based on NatWest 75% LTV at 4.09%

Buying Costs
Legal Fees £1,500 (Buyer & Vendor legal fees inc. VAT & disbursements)
Finder’s Fee £1,995

SORRY, THIS PROPERTY IS NOW SOLD

 

 

 

 

 

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