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3 Bedroom Semi-Detached With 300 Monthly Cashflow
3 Bedroom Semi-Detached With 300 Monthly Cashflow
Financial Details
Accommodation: Ashton View, Dumbarton, G82 5DP
Hall, Lounge, Kitchen, 3 Bedroom, Bathroom, Good Condition
Structure of deal:
Investor price 56,250 Current rent 495 per month Monthly payments 187 Investment required 2,995+vat Legals included Rental profit 308 per month Valuation price 75,000
Executive Summary
Purchase 56,250 2011
% Increase
2013
7%
2014
7%
2015
7%
2016
7%
2017
7%
2018
7%
2019
7%
2020
7%
2021
7%
2022
7%
2023
7%
Future Value - Predicted 75,000 80,250 85,868 91,878 98,310 105,191 112,555 120,434 128,864 137,884 147,536 157,864 168,914
Rental CashFlow - Annual 3,696 3,955 4,232 4,528 4,845 5,184 5,547 5,935 6,350 6,795 7,271 7,780 8,324
Rental CashFlow Cumulative 3,696 7,651 11,882 16,410 21,255 26,439 31,985 37,920 44,271 51,066 58,336 66,116 74,440
Accommodation
a 3 bed roomed 1950's semi detached property in the Dumbarton area. Property exterior - bricks and mortar with roughcast finish. Gardens - large garden area surrounding the property with shed and large play area. Windows and doors - upvc double glazing. Hallway - laminate flooring with red painted walls and staircase to the rest of the rooms in the property. Living room - oak style laminate flooring with one featured patterned wallpaper with large bay window overlooking the front of the property. Kitchen - basic style kitchen with brick lino flooring and red tiles, surroundings painted in yellow with a wooden (painted in beige) kitchen units. Bedroom 1 - laminate flooring with painted walls and storage area to the rear with gas boiler inside, with painted walls and upve window overlooking the front of the property. Bedroom 2 - solid wooden floors with patterned wallpaper and upvc window overlooking rear of the property, with a storage area to the rear of the room. Bedroom 3 - laminate flooring with patterned papered walls in purple and storage area to the rear of the room. Bathroom - laminate floored with fitted grey bathroom suite and grey tiled surround with fitted power shower. Fully gas central heated and upvc double glazed.
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Neighbourhood Profile
Often, many of the people who live in this sort of postcode will be single parents and pensioners living in council terraces. These are known as type 51 in the ACORN classification and 1.83% of the UK's population live in this type. Many towns and cities will have some neighbourhoods fitting this profile, but concentrations are found in Newcastle, Sunderland, Belfast, Liverpool and Greater Manchester. These are areas with high numbers of single pensioners living alongside many single parents. The age breakdown of the population is unusual because, overall, there are both high numbers of people over 60 and children under 16. People live in council or housing association properties. These tend to be small terraced houses and flats, typically found in urban estates. Unemployment levels are high, and typical occupations include manufacturing and other more routine jobs. With high numbers of single pensioners and single parents, overall income levels are low. This type has the lowest level of qualifications of all ACORN types, which means there is little chance of these areas becoming more prosperous. With such low incomes, it is unsurprising that the majority of these people do not have a car and public transport is essential to them. With any spare money they are most likely to have a drink in the pub, go to bingo or place an occasional bet at the bookies. If they do manage a holiday, they often choose a caravan break in the UK. When they buy a paper, their particular favourites are The Sun and News of the World.