Ready Made Deal

3 Bed Semi Detached House, Doncaster DN12 1 GONE

Excellent opportunity to make a handsome profit from this deal. You can sell as it is and make good money. Add value and make even more money.

After living in the house for 22 years, vendor wants to sell fast. Independent RICS valuation already carried out. Negotiated discount is 23.5% from RICS valuation. Valuation report will be retyped in investor's name.

Deal Highlights:

  • RICS property valuation: 115k
  • Rental Valuation: 474pm
  • Negotiated price: 88k
  • BMV: 23.5%
Deal at a Glance  
Property Type

3 Bed Semi

Market Value £115,000
Purchase Price £88,000
Discount 23.5%
Instant Equity £27,000
Investment Type

BTL or BTS

 

Initial Funds Required to Proceed  
Deal Reservation Fee (a) £1,000
Valuation Fee (b) £350
Legal Disbursements (c) £400
Initial Requirements (a+b+c) £1,750

Important Notes:

Property needs some work doing. RICS valuation is in its current state. After work is carried out, property could fetch more (expected valuation after work: 125k. See below for what work needs to be carried out). Surveyor has highlighted following work that needs carrying out:

  • Damp proof course to ground floor
  • Obtain electrical test certificate from NICEIC electrician and input recommended works (if any)
  • Install a central heating system
  • The slate roof covering is ageing and may need replacement in the future
  • Install new kitchen and bathroom suite
  • Redecorate throughout
Overall Cost of the Deal  
Stamp Duty £0
Mortgage Broker Fee £0
Buyer Solicitors £475
Legal Disbursements £400
Vendor Solicitors £500
Bridging Fee (optional)*** £660
Bridging Arrangement Fee £0
Deal Fee £3,000
Total Costs £5,035

***  Only if required - depending on investment strategy (BTL or BTS) or mortgage product selected. Subtract cost if bridging not required.

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 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.

 

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

Your Contact Details:
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Phone: Home

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Interested In

   

Notes: It will be useful to know a bit about you, e.g. length of experience with property investments, BMV deals, NMD properties (if any) etc. Information is to help us assign this deal to you.


 

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Click the button below to submit details. We will contact investors on First Come First Served basis. It is our policy to treat your details in complete confidence.

 

 

 



 

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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.