Tenure : Freehold
Property Type : Two Bedroom Mid Terrace
Price : £56,750
Incentives :
High Spec refurbishment:
- Full Double Glazing
- New Kitchen and Bathroom
- New décor and carpets
- Alarm system
- Letting agent in place
Rental Income : £300 pcm A fantastic opportunity to purchase a great investment property in Hull situated close to the local shopping centre and KC stadium, a popular area for rental. These houses are all going through high specification refurbishment and upon completion will be tenanted comfortably. The purchase price is the valued price before refurbishment. Upon completion you will own a fully refurbished property ready to let for the price of a house needing work! Therefore, strong capital appreciation is anticipated on these properties as they are expected to provide positive long-term growth. Funding Required Purchase Price £56,750
15% Deposit £ 8,512
Legal Fees £ 500
Finance Costs £ 500
Reservation Fee £ 1,500
Total Required £11,012
Purchase Price £56,750
11% Deposit £ 6,242
Legal Fees £ 500
Finance Costs £ 500
Reservation Fee £ 1,500
Total Required £8,742 Cashflow per month (Based on a typical 85% interest only mortgage rate at 5.99%). Rental Income : £300
Mortgage payments : £240
Insurance : £10
Management (10%) : £30
Net Profit : £20 pcm INVEST IN HULL - REGENERATION GATEWAY Gateway received confirmation of its initial grant in June 2005. £8.7 million of this was allocated for spending before the end of March 2006. The money was used to kick-start the housing market renewal programme and to develop the future housing market renewal strategy. http://www.gatewaypathfinder.net CITYBUILD Hull's Urban Regeneration Company (URC), is at the forefront of economic and physical regeneration and renaissance in Hull, a city becoming more competitive in terms of job creation, inward investment and economic growth. Over the next fifteen years, we will attract over £1.5 billion worth of new investment in new developments and infrastructure improvements, creating a thriving investment climate and making Hull a vibrant waterfront city. Hull already boasts 4 companies within the FTSE 100 - BAE Systems, Reckitt Benckiser, Smith & Nephew and BP. http://www.hullcitybuild.co.uk/ WHAT WILL IT MEAN? For Hull residents, Remaking Hull represents opportunities for new jobs and a better place to work, live and relax. For businesses and developers in the UK, Hull is one of the most exciting and ambitious regeneration projects, representing an unprecedented range of growth and investment opportunities. Please download the PDF for full information, or contact one of our property consultants on 0871 231 7466 or click onto the "Make Enquiry" button. Important Notice All financial and property investments bear varying degrees of risk. We strongly discourage you from making any investment decision based upon the information that you cannot independently confirm and we thoroughly recommend that you seek qualified advice from a financial advisor or solicitor before you make any decision regarding making this financial investment. In accordance with the property Misdescriptions Act (1991) we have prepared these sales particulars as a general guide to give a broad description of the property. They are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for purchase of carpets of other fittings. Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your solicitor prior to exchange.
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With the aid of Bueno we have secured 14 properties in the past 9 months!
