This property is a good size 2 bedroom mid terrace house located in the popular town of St Helens.

It offers interesting accommodation with 2 rooms in the loft which are currently being used as bedrooms in addition to the property's standard layout of 2 bedrooms, 2 reception rooms, kitchen and main bathroom.

The property is in a very presentable condition as you can see from the pictures below and also benefits from gardens to the front and rear and gas heating.

A tenant is currently in occupation and paying a rent of £450 per month.

This opportunity has a good low lead in price along with a huge 15% discount for a quick sale and legal completion.

Market price £100,000

Purchase Price £85,000

Instant Equity £15,000

Mortgage £85,000 @ 85% of £100,000

Monthly mortgage payment £439 @ 6.2%

Monthly rent £450

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 7% deposit . We have subject to change a mortgage product at 5.89%

Mortgage £78,000 @ 78% of £100,000

Monthly mortgage payment £382 @ 5.89%

Monthly rent £450

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 £2350 inc vat

Potential total cost to buy this property £4075.

(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.