Negotiated Deal

5 Bed Impressive Detached House

Ashby, Sconthorpe DN16 3 GONE

sold-image

This excellent property in a sought after area of Sconthorpe can be yours for a song. The deal will be assigned to one successful investor.

  • 5 Bed Detached executive property in Ashby, Scunthorpe, DN16 3
  • Purchase price will be 80% of the RICS valuation. Open market value of this property is in the region of 300k (NOTE: this property was on market earlier for 350k). Survey will be retyped in investor's name.
  • Rental potential: £1500 pm (based on multilet: 6 rooms at £60 per room per week). Bus route,  shops and train station close by.
  • Only £1700 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

5 Bed Detached

Market Value £300,000
Purchase Price £240,000
Discount 20.0%
Instant Equity £60,000
Investment Type

Buy to Let


 

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

 

Other Details:

  • Property has a big driveway and double garage
  • Swimming pool with Jacuzzi spa, all housed in a retractable telescopic housing
  • Five bedrooms, luxury en-suite, family bathroom and a separate shower room
  • Primary and secondary schools near by, as well as train station and airport. Bus route and shops very close.

 

Overall Cost of the Deal  
Stamp Duty £2,400
Mortgage Broker Fee £0
Buyer Solicitors £475
Legal Disbursements £400
Vendor Solicitors £500
Bridging Fee (optional) £1,800
Bridging Arrangement Fee £0
Deal Fee £3,000
Total Costs £8,575


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:
Title
Full Name
Email Address
Phone: Home

Phone: Work

Mobile Phone


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.


 

Submit

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.