Ready Made Deal

3 Bed Semi in Churchdown, Gloucester GL3 2 GONE

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This property can be yours for just £1.6k. The deal will be assigned to one successful investor.

  • 3 Bed Semi Detached property in Holtham Avenue, Churchdown, Gloucester GL3 2
  • Net cost to own this asset: £1,600 (approx)
  • Purchase price has been agreed, contract signed and RICS survey completed. Survey will be retyped in investor's name.
  • Only £1400 required to progress this deal 

Deal will be offered on First Come First Served basis. To register your interest, please fill in your details at the bottom of this page.

Deal at a Glance  
Property Type 3 Bed Semi
Investment Type Buy to Let
Market Value £175,000
Purchase Price £145,250 83.0%
Discount 17%
Instant Equity £29,750
Net Cash Required to complete -£1,600


Property:
This 3 bed semi-detached property is close to local facilities and amenities. It has gardens to the front and rear. Off road car parking (driveway) for 3 cars. A new kitchen and conservatory added 4 years ago.

Vendor will rent the property back for £750. This should give you a £50 positive cash flow from day one.

Work Summary: Front porch could do with replacing. Carpet in 3rd bedroom worn. A fresh coat of paint overall to freshen up could be required.

Initial Funds Required to Proceed  
Deal Reservation Fee (a) £1,000
Legal Disbursements (b) £400
Initial Requirements (a+b) £1,400


NOTE:

  • Our RICS valuation will be retyped into investor's name. So there is no need for a new valuation.
  • This deal sacks easily on many mortgage products.
  • It can be structured to allow you minimised future tax liability. If you are interested then we can discuss details when we contact you.
Overall Cost of the Deal   You Save
Legals (buyer + seller) £950
Disbursements £400
Stamp Duty £1,750
Mortgage Broker Fee £0 £295
Survey Fee* £0 £350
Bridging Fee** £0 £726
Bridging Arrangement Fee** £0 £195
Deal Fee £2,000
Total Costs £5,100 £1,566
* Valuation survey already completed
** Bridging NOT required using our creative method


Cash Back Calculations  
Market Value £175,000
Mortgage Advance (85%) £148,750
Purchase Price £145,250
Purchasing Costs £5,100
Net Cash required to complete (approx) -£1,600
Cash Flow  
Agreed Rent £750
Mortgage Interest £699
Cashflow per month (profit)* £51


*For illustration purposes only. Actual figure could vary depending on the  mortgage product choosen and other costs specific to your business. 

Your Net Cost to Buy this Property: £1,600 (approx)
(This is a complete package, which includes the mortgage, valuation, solicitors and creative deal structuring)

 

If you are intersted in this deal then fill in your details in the form below and we will contact you shortly. Deal assigned on the first come first served basis.


 

Terms and Conditions:

  • If official valuation provided by the surveyor is lower than that stated above then we will refund your valuation fee and reservation fee in full. However due to time constraints and sellers’ wish to complete with minimal delay, we are able to refund these fees 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.

 

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    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.