7 Year Lease Option Available – £860pm Cash Flow Positive – Milton Keynes

Milton Keynes – 5 Bed Townhouse

Retiring Landlord Operating a 5 room HMO Property in Milton Keynes
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Property Details Tinkers Bridge, Milton Keynes, MK6

Accommodation comprises of:

Terraced, five bedrooms, family bathroom, kitchen, cloakroom , upvc
double glazed, refitted boiler, good potential income, already
tenanted.

Entrance Hall
Wooden front entrance door, doorway through to kitchen, storage cupboard and downstairs cloakroom. Stairs
rising to the first floor landing.
Cloakroom
Comprising of wash hand basin, low level wc and wood panelling to all walls.
Bedroom/reception Room 13' 5" x 9' (4.09m x 2.74m )
Double radiator and double glazed window to the front, built in wardrobes.
Kitchen 14' 6" x 12' ( 4.42m x 3.66m )
With double glazed window to the front, wall and base level cupboard units, tiled splash back, space for
washing machine, space for dishwasher, space for cooker with gas hob and electric oven built in. Space for
fridge/freezer.
Laundry Room/Conservatory
Space for washing machine and tumble dryer, double glazed to the rear, doors opening out to the rear garden.
Rear Garden
Patio area with the majority of the garden being mainly laid to lawn and enclosed by timber fencing.
Bedroom 11' 8" x 11' 6" (3.56m x 3.51m)
Double glazed window to the rear, radiator, TV point and telephone point.
Bedroom 11' 9" x 8' 8" (3.58m x 2.64m)
Radiator and double glazed window to the rear. Storage cupboard.
First Floor Landing
Cupboard housing the boiler, doorway through to further bedroom.
Bedroom 12' x 8' 9" (3.66m x 2.67m)
Double glazed window to the front with TV point and radiator.
Bedroom 11' 8" x 11' 7" (3.56m x 3.53m)
Double glazed to the front, radiator and TV point.
Bathroom
Comprising of a three piece suite of bath with mixer taps, low level wc, wash hand basin. Access to the loft
space.

MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a
general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the
sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service,
appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these
particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to
this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred
including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.
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Structure of deal:
 Market value £110,000
 Investor price £110,000
 Estimated rent £2,000+ per month
 Mortgage payments £656
 Investment required - £14,995+vat
 Legals included
 Rental profit £860 per month

Financial details:
Investment required is £14,995+vat
 Operating turnover when full is £32,760
 Split household multi-let with 9 (4 couples and one single tenant)
 Return on investment in 8 months (if operated at full capacity)
 Return on investment in 20 months (if operated at half capacity)
 Recommended & experienced solicitors used
 Full day operations training session with current landlord
 Reservation £1,000+vat
 No mortgage application
 No credit checks

MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a
general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the
sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service,
appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these
particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to
this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred
including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.
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Neighbourhood Profile

Often, many of the people who live in this sort of postcode will be low income with routine
jobs living in terraces and flats. These are known as type 46 in the ACORN classification and
1.4% of the UK's population live in this type.

The biggest concentrations of neighbourhoods fitting this profile are in Scotland. Other places
with high levels include Nottingham, Harlow, Corby and Norwich. These postcodes are often
council estates housing young families and singles. Many of the families are single parent
households.

Incomes are low. People have few, if any educational qualifications and their routine jobs are
in shops and factories. Unemployment is high, and, despite the overall youthfulness of these
areas, there are a number of people suffering long-term illness.

People generally live in terraced houses and purpose built low-rise flats. Homes are rented
from either the local council or Housing Association. They are typically two bedroom and thus
quite crowded for the size of household.

People in this type are on tight budgets and food bills are low relative to the size of the
families. However, children are given the odd fast food treat. Phone bills are much smaller
than average, and people make use of the finance options of catalogue shopping.

A number feel they are likely to require a loan in the near future. Betting and the lottery are
perceived to offer the chance of more money and a better standard of living.

Leisure activities are restricted to low cost activities such as angling, bingo, listening to music
and watching television. There is some uptake of cable TV and digital television.

MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a
general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the
sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service,
appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these
particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to
this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred
including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.
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Rental Comparables – Room rent x5

Sales Comparables – Studio x5

MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a
general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the
sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service,
appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these
particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to
this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred
including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.
 Page |6

MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a
general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the
sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service,
appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these
particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to
this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred
including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.