Case Studies of recent discounted property
Devizes (Wiltshire), 3 Bed terraced study (*NEW*)
Wellingborough (Northamptonshire), 2 Bed end terraced (*NEW*)
Devizes (Wiltshire), 3 Bed terraced
A mature three bedroom terraced home situated in an elevated cul-de-sac location with glorious garden and much to commend it including generous parking and garage. The property can be found only about ½ mile from Devizes' town centre which caters for most everyday shopping and leisure needs, with schooling for all ages and general store also just a short distance away.
On our rental scheme this property comes with no voids and is in excellent condition throughout as the pictures illustrate below. The property ticks all the right boxes as a good long term investment which will recoup you your initial investment a few times over!
Devizes is a market town and civil parish in the English county of Wiltshire, in the southern United Kingdom. It has a population of about 15,000 in 2009. Devizes has the feel of a much larger town. It serves as a centre for banks, solicitors and shops, with a large open market place where a market is held once a week. It has over five hundred listed buildings, a large open Green at the heart of the town, splendid churches and an elegant Town Hall. Its development has grown around an 11th century Norman castle.
The town is experiencing rapid housing growth, especially on its eastern fringe towards Andover.
Property Overview
3 Bedrooms
1 Reception
Extension
Conservatory
Kitchen - 3 years old
Bathroom - 6 Months old
Laminate Flooring in lounge
Soffits & Guttering done 2 years ago
Front & Back Gardens
Freehold - terraced
Property location: Devizes (Wiltshire)
Instant Equity: £36,250 from day one!
Mortgage: £295
Market Rent: £550
Net profit: Approx: £255 per month
Traditional House: Not an overvalued new build |
Due Diligence(within half mile)
Sales Comparables |
Rental Comparables |
Queens Road, Devizes
3 bedroom terrace
£169,950 |
Nursteed Close, Devizes
£575 pcm
3 bedroom terraced |
Hillworth Road, Devizes
£169,995
3 bedroom terraced |
Waylands, Devizes
£550 pcm
3 bedroom terraced |
Deal Overview
Original market price |
£145,000 (RICS qualified) |
Discounted price |
£108,750 |
Instant equity |
£36,250 |
Mortgage payments |
£295 |
Rental |
£550 |
On Completion fee (includes Solicitors, Sellers Solicitors & Brokers fees) |
£2,500 |
Finders Fees (Inc Vat) |
£2,495 |
Total cost to client (no other fees) |
£4,995 |
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Wellingborough (Northamptonshire), 2 Bed end terraced
Wellingborough is a town in Northamptonshire, England situated some eleven miles from the county town of Northampton and eight miles south of Kettering. It has a population of 72,519 (as of the 2001 census).
It is situated on the north side of the River Nene with most of the older town being sited on the flanks of the hills above the river's flood plain. Frequent flooding of the Nene's flood plain makes it obvious why the town was mostly built above the flood plain. It is twinned with Niort, France and Wittlich, Germany. Recently there has been talk of a new twinning with Mont Sillia in Italy and the population await further developments.
Property Overview
2 Bedrooms
1 Reception
Gas Central Heating
Double Glazing
Good Transport Links
New carpets and recently refurbed
Freehold - End Terraced
Property location: Wellingborough (Northamptonshire)
Instant Equity: £25,000 from day one!
Mortgage: £204
Market Rent: £500
Net profit: Approx: £296 per month
Traditional House: Not an overvalued new build |
Due Diligence(within half mile)
Sales Comparables |
Rental Comparables |
Sharwood Terrace, Wellingborough
2 bedroom terraced house
£114,950 |
Hinwick Road, Wellingborough
£550pcm
3 bedroom terraced |
Thrift Street, Wellingborough
£107,000
3 bedroom terraced |
London Road , Wellingborough
£495 pcm
3 bedroom terraced |
Deal Overview
Original market price |
£100,000 (RICS qualified) |
Discounted price |
£75,000 |
Instant equity |
£25,000 |
Mortgage payments |
£204 |
Rental |
£500 |
On Completion fee (includes Solicitors, Sellers Solicitors & Brokers fees) |
£2,495 |
Finders Fees (Inc Vat) |
£2,000 |
Total cost to client (no other fees) |
£4,495 |
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