25% Discount – Leeds – West Yorkshire

1 Bed Mid Terrace, LS11
Packaged Property Deals, “Leaving you time for more important things.”

25% BMV - £13,750 Instant Equity
LEEDS, WEST YORKSHIRE

Details
Living Room 13' 8" x 12' 5" (4.16m x 3.78m) maximum measurements: Single glazed window, stairs to first floor, gas fire. Kitchen 10' 4" x 5' 4" (3.16m x 1.62m) inc units: Single glazed window, wall and base units, cooker point, sink and drainer unit, door giving access to... Cellar 10' 6" x 5' 6" (3.19m x 1.66m) plus room 6ft5 x 5ft11 (1.96 x 1.81) Housing gas and electric meters. First Floor Landing 7' 1" x 5' 4" (2.15m x 1.62m) inc stairwell: Doors leading through to... Bathroom 8' 0" x 7' 1" (2.44m x 2.16m) inc storage cupboard: Single glazed window, suite comprising panelled bath, w.c, wash hand basin, tiled splashbacks, Bedroom 13' 8" x 10' 11" (4.17m x 3.32m) Single glazed window, wall mounted electric storage heater.

Property is in reasonable condition throughout but requires a bathroom suite and de boarding prior to valuation and completion, cost approx. £1,500 (deducted from purchase price)

Structure of deal:
•Market value £55,000 (when complete) •Investor price £41,250 •Discount from market value •Estimated rent £290 per month •Mortgage payments £144 •Investment required - £3,995+vat •Legals included •Rental profit £146 per month

Financial details:
Investment required is £3,995+vat
•With tenant buyer, cashflow rises to £250 per month •Recommended & experienced solicitors used •Reservation £1,000+vat

Sales Comparable

Rental Comparable

Neighbourhood Profile
Often, many of the people who live in this sort of postcode will be older people living in rented terraces.

Neighbourhoods fitting this profile are found predominantly in northern English towns such as Oldham, Salford, Liverpool, Huddersfield and Gateshead, as well as in Belfast and some towns in the south including Basildon.
This type of postcode has a high proportion of older people, particularly those over 75, living in rented terraced housing. There are fewer families with young children in these neighbourhoods, although there are some single parents. Single person households are most common and many are pensioners. Most residents live in small terraced houses, with only two or three bedrooms. Some live in flats, mostly low rise purpose built. There is a higher proportion of residents renting compared to the UK as a whole. Many rent from private landlords but local authority and housing association property is also important. There is a high level of remortgaging among those who are buying their properties. Those in work tend to be shopworkers or are employed in manual and factory jobs. However, unemployment is 40% above the national average and long term illness 60% higher than the UK as a whole. Car ownership is low and public transport, cycling and walking tend to be the main modes of travel. Incomes are low and there is little scope for savings and investments. Take up of credit cards is low, but some find it hard to manage and levels of debt are above average relative to income. Leisure interests include angling, racing, bingo, watching cable TV, listening to music and going to the pub. Popular newspapers are the Daily Mirror, Daily Star, Daily Sport and The Sun.

Property – Training – Wealth Creation

1 Bed Mid Terrace, LS11
Packaged Property Deals, “Leaving you time for more important things.”

£13,750 Instant Equity
25% BMV – POSITIVE CASH FLOW