Ready Made Deal

3 Bed Terraced House in West London (built 1997)

Excellent Condition, Rent Back From Day One

GONE

Independent valuation survey done recently for this property. Report available for inspection.

As long as you are able to get the mortgage (i.e. have a good credit history), the net cost to own this asset is only £1213 (approx). 

 

Deal at a Glance  
Property Type

3 Bed Terraced

Market Value £295,000
Purchase Price £235,000
Discount 20.3%
Instant Equity £60,000
Investment Type

Buy to Let

Net Cash Input Required -£1,213


IMPORTANT: You must be able to make a quick decision and possibly exchange contracts over the weekend starting 2 Feb. Regarding the condition of this property, I can give you my personal assurance that it is one of the best rent back properties I have visited.  Location of this property is in such high demand that we received 35 responses for a similar deal in the same area last week. 

This is a seriously distressed sale. Only serious enquiries please.

Comparables for this area:

  • For Sale
    • 3 Bed Terraced: from 290k to 340k
    • 2 Bed Terraced: from 260k to 300k 
  • To Let
    • 3 Bed properties: 1100-1400pm
    • 2 Bed properties: 900-1200pm  
Initial Funds Required to Proceed  
Deal Reservation Fee (a) £1,000
Valuation Fee (b) £450
Legal Fees (c) £400
Initial Requirements (a+b+c) £1,850

 

INDEPTH ANALYSIS

Overall Cost of the Deal  
Stamp Duty £2,350
Mortgage Broker Fee £0
Valuation Fee £450
Buyer Solicitors £500
Legal Disbursements £400
Vendor Solicitors £500
Bridging Fee (optional) £1,763
Bridging Arrangement Fee £0
Deal Fee £11,000
Total Costs £16,963

 

Cash Back Calculations  
Market Value (a) £295,000
Mortgage Funds (b) £250,750
Purchase Price (c) £235,000
Cash Back at Purchase (d=b-c) £15,750
Minus Purchasing Costs (e) £16,963
Net Cash Back (d-e) -£1,213
Agreed rent per month (year 1) £1,100
Cash Flow per month (year 1) -£81

 

If this deal interests you then register your details below asap

 

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. In case the valuation is lower and you do not want to proceed then you must inform us of your intention 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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Full Name
Email Address
Phone: Home

Phone: Work

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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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    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.