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Manchester m9
a three bedroom mid terrace property which has been subject to many improvements over the last few years.
Huge 20% discount - Up to 100% finance on this deal
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Discount price |
£88,000 |
Property Price |
£110,000 |
Instant Discount |
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% Discount |
20% |
Buy to sell or let |
Yes |
Unit type |
3 bedroom house |
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| Buy to sell or buy to let. |
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| A delightful 3 bed mid terrace house located to the North East of Manchester and just under two Kilometres to
North Manchester General hospital
.
The property is offered with a 20% discount based upon a market value of £110,000 which has been provided by the local agents. The rent assessment is between £500-£550 per month.
The property offers 3 bedrooms, 2 reception rooms, kitchen and upstairs bathroom. Recent improvements include a new bathroom fitted in 2007, redecoration in 2006 and UPVC windows with a wood effect finish. The property comes with all floor coverings included which are a mix of carpets and ceramic tiles.
 
A good lead in value property with great rental potential.
Market price £110,000
Purchase Price £88,000
Instant Equity £22,000
Monthly rent £500-£550
Average 7.1% yield on net price
We now have a new finance packaged in place that subject to the property, valuation and mortgage rate at the time will allow for up to 100% financing. This package is available on this deal.
The vendor has been informed that the buyer will pay £500 towards legal fees. Pinnacle finders fee £2400 +vat
There have been a few properties within 1/4 mile of the postcode which have recently sold.
Sold
Terraced £97,000 July 2007-Same Street
Semi Detached £127,000 Jan 2007-Same Street
Terrace £114,000 March 2006-Same Street
Semi Detached £113,000 March 2006-Same Street
On market
3 bedroom semi £115,000
3
bedroom semi £114,950
3 Bedroom semi £11,950-Same Street
3 Bedroom Semi £105,000-Ex local authority
3 Bedroom Terrace £100,000-Same Street
The above have been taken from Rightmove the property portal
The current owner would like a quick sale as they are relocating abroad.
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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
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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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