Ready Made Deal

2 Bed Terraced House in Woodthorpe, Sheffield S13 8 Gone

Ever wish you would have bought a few properties in 1990s? How about if you were offered an opportunity to do just that today - but at a price reminiscent of years ago?

How about a 2 bed house for under £50k? No, that is not a joke. Neither a mistype nor the perceived discount on a high value property. That is the actual price you would pay for a property in Sheffield.

Vendor has lived in this house for 45 years. Due to old age, he has now moved out to live with relatives. Therefore he is exteremly motivated to sell asap.

Vendor has agreed to sell this property at 70% of its valuation price. Valuation is expected to be between 65-70k. We have exchanged contracts which will be assigned to the investor.

General Condition:
Property's condition is average. Modernisation will certainly uplift the value further up. The quoted figures reflect the property's current condition.

Valuation :
Likely RICS Valuation for this property: 65-70k (higher after refurbs)
Likely rentals for this property: £450-£500/month

Comparables :
Here are some actual comparables in the area:

• Source: Home Track
  No 11 sold for 75k (06/07)
  No 3 valued at 78k (05/08)
• For Sale (source: Right Move)
  3 bed (asking price 80k, needs refurb)
• To Rent (source: Rightmove)
  2 bed semi within half mile @ £550

About Property

• Condition: Average
• Any refurbs or moderanisation required: Yes (to achieve full potential)
• Why selling: due to old age the vendor has moved out to live with relatives. 

Important Notes

• Vendor to sell at 30% below the independent RICS valuation price (subject to a minimum selling price of £45k).
• Investor may incur these expenses:
• • Investor to pay own and seller's legals costs (budget for £1000 approx plus disbursements). If investor is to use any creative deal stacking scheme then those costs are additional (please ask for details).
  • Valuation Survey: £350
  • Mortgage Broker: our broker does not charge any fee 
  • Deal Fee: £2850
  • • £500 payable upfront to reserve the deal (non-refundable if investor pulls out or can't complete within a reasonable timeframe)
    • Rest of the deal fee on completion.

If this deal interests you then submit your contact details below. We will contact you on first-come-first-serve basis.

 Terms and Conditions:

• If official valuation provided by the surveyor is lower than that stated above then we will refund your reservation fee in full. However due to time constraints and sellers’ wish to complete with minimal delay, we are able to refund this fee only if you decide to withdraw from the purchase within 24 hours of receiving the valuation figure.
• Except in the case of receiving a lower valuation as stated above, we are unable to refund reservation and other fees paid upfront.
• Our Deal Fees are payable in full on completion.
• To cause least disruption to the seller, you may view the property but only after the valuation has been booked.
• In respect of the costs you will incur that are not determined and administered by us, we have endeavoured to be as accurate as possible.  However these are subject to change at any time and may incur VAT where applicable.
• We do not accept responsibility for any expenses or losses incurred by you.
• The Market Value quoted is provided in good faith and will be confirmed by the lender's valuer.
• No information presented in these particulars constitutes or forms part of a contract, with the exception of the stated terms and conditions.
• BMV Club is not a licensed investment advisor or a licensed estate agent.
• BMV Club is not authorised by the Financial Services Authority to provide investment or financial advice.
• In paying the reservation fee you agree to these terms by default.

To register your interest in this deal, please fill in your details below:

• Disclaimer:
  BMV Club, their directors, affiliates, officers, employees, agents, contractors, successors and assigns (herein "BMV Club") do not accept any liability for any investment decisions made on the basis of, arising out of, or in any way related to, the use of this information. The information and services provided by BMV Club do not constitute financial, investment or tax advice and should not be taken as such. BMV Club recommends you to obtain professional advice before proceeding with any investment. Whilst we take reasonable care to ensure that the information we provide is accurate and up to date, we cannot warrant that it is. Some products and services may be available at a lower or higher cost than quoted in this communication. If you would like a detailed mortgage illustration, please ask for a referral to one of our independent mortgage brokers. BMV Club promotes products and services specifically designed for use in the United Kingdom only.