£140,000
Sandbrook Road, Southport, PR8
- 3 beds
£140,000
- 3 beds
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Alert: New BMV listing in Southport, PR8 3JF
PURCHASE PRICE - £140,000
Market Value - £175,000
Discount - 20%
PRICED TO SELL - WITH VACANT POSSESSION
Potential Rental Income - £1,100pcm
Potential Yield - 9.4%
Cash Needed - 25%
Net Profit - £6,300
Return on Cash Employed - 14.9%
TENURE – Leasehold (901 years remaining)
COUNCIL TAX BAND – B
EPC Rating - D (Potential - B)
We're pleased to be marketing this attractive, three-bedroom, semi detached house in the popular area of Southport. The property is positioned at the head of a quiet cul-de-sac, and enjoys a sense of privacy and tranquillity, set on a larger plot that offers plenty of space for outdoor entertaining. The property benefits from being in easy access to the local schools and Ainsdale village with access to a range of local amenities.
The property briefly comprises of a front lounge, separate dining room, recently renovated kitchen, and a downstairs WC. The first floor consists of two double bedrooms, and one single bedroom, and a recently renovated family bathroom. The outside of the property boasts gardens to the front, and a large rear garden.
Our estimated figures/ROI is based on a buy and refinance model. Market Value is calculated by our underwriting team using SOLD comparables, speaking with local agents and market information found online. Rental income assumes the estimated Market rent. Gross yield is market rent divided by Purchase price excluding fees. Interest assumes a 4.5% borrowing rate but you will need to adapt this for your own borrowing costs. Net profit amount is estimated rent minus mortgage payments. Deposit assumes 25% cash deposit and a mortgage of 75% loan to Value (LTV). ROCE assumes net rental income / cash deposit required at 25%.
Please enquire if you want a breakdown of our calculations.
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