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Latchford, Warrington
a 3 bedroom semi detached property with off Road parking in the Latchford area of Warrington.
Huge 19% discount for a quick completion.
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Discount price |
£99,630 |
Property Price |
£123,000 |
Instant Discount |
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Rent back |
No |
No deposit |
Possible |
Unit type |
3 bedroom house |
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| Assignable contract deal |
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| This property is a good size 3 bedroom end of terrace house in the Latchford area of Warrington. Our letting agent informs us that it will let easily at £550 per month and a tenant could be secured before legal completion.
Based upon the discounted price this will give a strong yield of 6.6% and good positive monthly cash flow depending on your borrowings. If you take an 85% loan to value mortgage then then is a possible cash back of £300 on legal completion*
The property is offered with a huge 19% discount for a quick sale and legal completion.
Market price £123,000
Purchase Price £99,630
Instant Equity £23,370
Mortgage £104,550 @ 85% of £123,000
Monthly mortgage payment £522 @ 6.0%
Monthly rent £550
This deal will provide positive monthly cash flow based on the figures above. This cash flow will increase if a larger deposit was put into the deal. We have indicated some figures below for a 5% deposit. We have subject to change a mortgage product at 4.99%
Mortgage £98,400 @ 80% of £123,000
Monthly mortgage payment £410 @ 4.99%
Monthly rent £550
The above figures are subject to valuation and mortgage product. Please note mortgage products are changing on a daily basis.
Stamp duty - £0
Legal fees - £575
Legal Disbursement - £350
Survey fee - £300
Mortgage broker fee £500
Pinnacle fee £2890 inc vat
Potential total cost to buy this property £305 cash back.
(These are not exact figures above but a good baseline to work with, also note there will be an agreement fee about 1%-2.5% for the mortgage which will be added on to the loan amount and this amount varies in each case, also product values change daily) *The potential purchase cost is the difference between the mortgage, purchase price and cost to buy. Mortgages are subject to valuation and personal circumstances.
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| 10 year price table |
| The table below shows how the property purchased at a net price of £135,995 could grow over the next 10 years at 2%, 5% and 8% |
% |
Yr1 |
Yr2 |
Yr3 |
Yr4 |
Yr5 |
Yr6 |
Yr7 |
Yr8 |
Yr9 |
Yr10 |
Potential growth |
2% |
£138,714 |
£141,489 |
£144,318 |
£147,205 |
£150,149 |
£153,152 |
£156,215 |
£159,399 |
£162,526 |
£165,777 |
£50,181 |
5% |
£142,794 |
£149,934 |
£157,431 |
£165,302 |
£173,567 |
£182,246 |
£191,358 |
£200,926 |
£210,972 |
£221,521 |
£105,925 |
8% |
£146,874 |
£158,624 |
£171,314 |
£185,019 |
£199,821 |
£215,806 |
£233,071 |
£251,717 |
£271,854 |
£293,603 |
£178,007 |
Prices can go up as well as down |
Call us now on the sales reservation line for further details
Tel 07887 512597
or
click on the call back request link below and we will call you
Call back request |
| Disclaimer |
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The details contained in this brochure are for guidance only. Any photographs, illustrations, plans and sizes, only give a general indication of the proposed development. The developer operates a policy of continuous development and features, specifications and external treatments may vary. The developer reserves the right to alter any part of the development.
Particulars described in this brochure should not be relied upon as accurately describing any specific matters. Tables, projections and profit forecasts, are provided for illustrative purposes only. Property values and assumed rentals can decrease as well as increase. No express or implied income claims are made herein. Neither Pinnacle Property Association/Pinnacle Property Link Ltd nor any of its partners, directors,
e employees or representatives will be liable for damages arising out of or in connection with the use of information provided in this document.
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Copyright © 2008 Pinnacle Property Association. All rights reserved. |
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