16,750 Equity - 192 Cashflow 25% Discount

1 Bed Semi Detached

Packaged Property Deals, Leaving you time for more important things.

155,752 Gross Profit

Irvine, Ayrshire

Financial Details
Accommodation:
Hall, Lounge, Kitchen, 1 Bedroom, Bathroom, Good Condition

Structure of deal:
Investor price 50,250 Current rent 400per month Monthly payments 208 Investment required 2,995+vat Legals included Rental profit 192per month Valuation 60,000

Financial details:
Investment required is 2,995+vat
Profit (gross) example = 144,801 Capital Growth (3%) = 98,397 Rental Profit (gross) for term - 46,404 Recommended & experienced solicitors used Reservation 995+vat

Executive Summary
Purchase 52,500 2011
% Increase

% Discount 25% 2013

7%

Initial Value - 2011 67,000

Montly Mortgage 208 2017

7%

Monthly Rent 400

PROFIT in 2023 98,397

Inc Rent 144,801 2023

7%

2012
7%

2014
7%

2015
7%

2016
7%

2018
7%

2019
7%

2020
7%

2021
7%

2022
7%

Future Value - Predicted 67,000 71,690 76,708 82,078 87,823 93,971 100,549 107,587 115,118 123,177 131,799 141,025 150,897

Rental CashFlow - Annual 2,304 2,465 2,638 2,822 3,020 3,231 3,458 3,700 3,959 4,236 4,532 4,850 5,189

Rental CashFlow Cumulative 2,304 4,769 7,407 10,230 13,250 16,481 19,939 23,639 27,597 31,833 36,365 41,215 46,404

The summary above is based on a retail price index of 3% and capital growth over 12 years at 7%. The property has been valued at 67,000 by a RICS surveyor, the report is available upon reservation and finance approval. The rent assessment value at 400 has been approved by the surveyor. We work in partnership with Professional Lettings who are able to market the property for letting upon reservation .

The property can be let by our letting partners, Professional Letting if required

Accommodation
Overtoun Road Irvine KA11

One bed semi detached villa in quiet residential area. Gas central heating and double glazing throughout. Irvine which resides on the West coast of Scotland with its own picturesque harbour and beach. Only a half hours train journey from Glasgow and less than 10 miles from Prestwick Airport.
Comprises Gardens: Front and rear fully lawned with driveway to the side. Hallway: Doors leading to all rooms. Patterned carpets and mint painted walls. Living room: Ample sized living area with green carpets and green & cream papered walls. Large window to the front. Door leading to the kitchen. Dining room: Just off from the kitchen with red carpets and cream papered walls. Patio doors to the rear garden Kitchen: Good size with wooden wall and base units and cream work surfaces. Stainless steel sink and drainer. Tiled splash back. White ceramic floor tiles. Brown oven, hob and extractor. Door leading to the dining room. Bedroom 1: Good sized double room with rose carpets and light papered walls. Fitted wardrobes on one wall. Window to the rear. Good sized shelved storage off. Bathroom: Nice sized bathroom with white w.c and wash hand basin. Corner shower cubicle with electric shower. Fully tiled in green and white tiles. Window to the front. White heated towel rail.

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Rental Comparable

Neighbourhood Profile
Often, many of the people who live in this sort of postcode will be low income larger families living in semis. These are known as type 44 in the ACORN classification and 3.04% of the UK's population live in this type. The Black Country and South Yorkshire are the main places for these communities, although they generally crop up in most urban areas. Towns such as Doncaster, Barnsley, Dudley, Wrexham, and Ballymoney are typical. These families tend to live in reasonably large council properties. Incomes are well below average with nearly a third of families earning less than 10,000. Unemployment is higher than average. Work is typically routine, in a factory or some other manual occupation. Jobs reflect the general lack of educational qualifications. Households tend to be families with a number of school age children. Over 10% are single parent families. Home to these families will often be a three bedroom semi-detached property rented from the local council or housing association. The lottery, football pools and bingo may offer the hope of wealth. Since money is tight, the payment facilities offered by catalogue shopping are an attraction in these areas. People with a car will own a low value second hand vehicle. Shopping may be done in Morrisons or Kwik Save, and holidays may well be to a caravan park or a camp site. Few leisure activities seem affordable. Angling is popular and people will spend time listening to music or watching television. The newspaper is generally a tabloid.

Property Training Wealth Creation

1 Bedroom Semi Detached

Packaged Property Deals, Leaving you time for more important things.

16,750 Equity - 192 Cashflow 25% Discount

Profit Warning - 144,801 (gross)