2 Bed apartment, ML2

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    238 Cashflow - 16,250 Equity 25% Discount

    2 Bedroom ApartmentPackaged Property Deals, Leaving you time for more important things.

    155,164 Gross Profit

    Wishaw, ML2

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    Accommodation: Abbotsford Road, Wishaw, ML2Hall, Lounge, Kitchen, 2 Bedroom, Bathroom, Good ConditionStructure of deal:

    Investor price 48,750

    Current rent 400 per monthMonthly payments 162

    Investment required 2,995Legals includedRental profit 238 per month

    Valuation 65,000

    Financial details:Investment required is 2,995

    Profit (gross) example - 155,164

    Capital Growth - 97,642

    Rental Profit (gross) for term - 57,522

    Recommended & experienced solicitors used

    Reservation 2,995

    Financial Details

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    Executive Summary

    The property can be let by our

    letting partners, Professional

    Letting if required

    The executive summary above has presumed a Retail Price Index (RPI) of 3% (gross) and capital

    growth at 7% over 12 years of ownership

    Learn how to source your own at Property Sourcing 101

    Link for the manual is below

    http://www.eventbrite.com/event/2193567018

    Purchase % Discount Initial Value - 2011 Montly Mortgage Monthly Rent PROFIT in 2023 Inc R

    48,750 25% 65,000 162 400 97,642 155,

    11 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 202

    rease 7% 7% 7% 7% 7% 7% 7% 7% 7% 7% 7% 7%

    Future Value - Predicted

    000 69,550 74,419 79,628 85,202 91,166 97,547 104,376 111,682 119,500 127,865 136,815 146,

    Rental CashFlow - Annual

    856 3,056 3,270 3,499 3,744 4,006 4,286 4,586 4,907 5,251 5,618 6,011 6,4

    Rental CashFlow Cumulative

    856 5,912 9,182 12,680 16,424 20,430 24,716 29,302 34,209 39,460 45,078 51,089 57,5

    http://www.eventbrite.com/event/2193567018http://www.eventbrite.com/event/2193567018http://www.eventbrite.com/event/2193567018
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    Accommodation

    This is a 2 bedroomed lower cottage flat in a quiet location. The property has recently been

    completely re-roughcasted and the roof has been overhauled. Externally the property is in excellent

    condition and is an attractive and well maintained property.

    There is on-street parking and the flat is accessed from the front door located to the side of the

    property. There is a private back garden consisting of a sizeable lawn with 2 sheds.

    The property benefits from full UPVC double glazing and gas central heating.

    Accommodation as follows:

    Hallway: maroon patterned carpeting and lilac wallpaper. 2 storage cupboards, one containing

    electric meters. Access to all rooms from the hall.

    Lounge: green patterned carpeting, cream wallpapered walls. Fitted gas fire with timber surround

    and hearth. Large window overlooks the back garden.

    Kitchen: terracotta tiled floor, fitted oak finish wall and base units with brown/green marbledlaminate tops, space for appliances, 4 ring gas hob with a single gas oven beneath and a built in

    extractor above. Single stainless steel sink. Green wallpaper to walls. White/green marbled tiling to

    splashback areas.

    Bedroom 1: A double size room with window to front , brown patterned carpeting, orange

    wallpaper with brown floral border paper and cream woodchip paper above.

    Bedroom 2: A double size room with large window to front, green patterned carpeting, blue painted

    woodchip paper to walls and a shelved fitted cupboard.

    Bathroom: Green carpet, white wc and whb, large double shower cubicle, white tiling with dolphin

    motifs, cream patterned wallpaper and an obscured glazed window to the rear.

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    Sales Comparable

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    Rental Comparable

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    Neighbourhood ProfileOften, many of the people who live in this sort of postcode will be older people living in flats. These

    are known as type 36 in the ACORN classification and 2.13% of the UK's population live in this type.

    Neighbourhoods fitting this profile are found in seaside towns such as Torbay and Worthing, in the

    Isles of Scilly and the Isle of Wight, as well as in the Cotswolds, Argyll and Bute, Harrogate and Bexley

    in Outer London.

    This type of postcode has a distinctly older profile and is found throughout the UK. There are fewer

    children than the national average and more people over 65. One third of households are pensionersin this type. Single pensioner households are very common, with retired couples also present in high

    numbers. Housing is mixed but with a higher proportion of low-rise, purpose built and converted flats

    than the national average. Many are privately rented, but some are owned outright. Holiday homes are

    also common. Educational qualifications tend to be slightly higher than the national average, especially

    at degree level. The working population in these areas tends to be in lower and senior managerial and

    professional occupations. There is a reasonable levels of car ownership, including company cars, but

    there are fewer households with more than one car. Income levels are broadly in line with the national

    average, with holdings of investment products (ISAs, unit trusts and stocks and shares) slightly above

    average. People are generally comfortably off without having large amounts of spare cash. Leisure

    interests include fine art and antiques, self-improvement and education, reading and walking.

    Membership of the National Trust is common. The Daily Express, Daily Mail and Daily Telegraph are

    likely to be the most popular newspapers.

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    Property Training Wealth Creation

    2 Bedroom ApartmentPackaged Property Deals, Leaving you time for more important things.

    238 Cashflow - 16,250 Equity 25% Discount

    Profit Warning - 155,164 (gross)