Ready Made Deal

3 Bed Semi Detached House in Rochdale OL11 5 Gone

An excellent opportunity to acquire an asset at 30% below market value. Vendor is living abroad and is highly motivated to sell. We have exchanged contracts which will be assigned to the investor.

Comparables

• SALES Comparables:
• • Comparables on Right Move: 129K-150K
  • Property was valued for remortgage purposes by vendor:
  • • August 07: 135k
    • April 08: 136k
• RENTAL Comparables:
• • Single Family Let: £550-£600pm (source: rightmove.co.uk)
  • Multilet: £325 per room per month or £975pm (source: spareroom.co.uk)

About Property

• Condition: Average
• Any refurbs required: Yes
• • Kitchen and bathroom need replacing, and possibly a new boiler may be required. Costs estimated at: about £5,000 (approx). 
• Why selling: vendor living overseas
• • Note: Vendor to sell at 30% below the independent RICS valuation price as long as the market value is not less than 125k.

Important Notes

• Investor may incur these expenses:
• • Investor to pay own and seller's legals costs (budget for 1% of full market price). We can recommend solicitors.
  • Valuation Survey: £350
  • Mortgage Broker: your choice or we can recommend.
  • Deal Fee: £4000
  • • £500 payable upfront to reserve the deal (non-refundable if investor pulls out or can't complete within a reasonable timeframe)
    • Rent 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.

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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.