Latest BMV Property Deal – St Helens

BMV Property: Direct From Motivated Sellers..

St Helens WA9

Key Points:

  • Market Appraisal £125,000
  • Investor Price £100,000
  • Instant Equity £25,000
  • Cash Flow £285pcm
  • 3 bed semi with front & rear gardens
  • Financial difficulty

The property is a 3 bedroom semi-detached house in St. Helens, WA9
The property consists of an Entrance Hall, Living Room through Dining Room, Kitchen, 3 Bedrooms, Bathroom and a rear Garden.

Lettings

This property would let for approximately £575 – £625 pcm

Comparables

For Sale

£ 130,000 Irwin Road, St. Helens, WA9 – 3-bedroom semi-detached house,
Click http://www.rightmove.co.uk/property-for-sale/property-55745686.html

Sold Prices

£120,000 – 29 Olga Road SOLD for £120,000 in Aug 2015 – 3 bed semi-detached.

£130,000– 36 Olga Road SOLD for £130,000 in Jun 2015 – 3 bed semi-detached.

Why this area

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

Freehold/Leasehold

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

Reason for Sale – Money Worries

The Figures

Market Appraisal £125,000
Purchase Price: £100,000
Mortgage at 75%: £75,000 (Subject to Status)
Deposit at 25%: £25,000
Rental Income: £625
Mortgage*: £255
Management: £65
Insurance: £20
Cash Flow/Profit: £285pcm
*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

To Reserve, Request Further Information Or Arrange A Viewing, Please Fill in The Form Below

 

 

 

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