One remaining block of 30 units to be built, the last block was completed in Dec 2008. The final phase will commence this year with a view to completion in Feb/Mar 2010
LATES
T
• North West units - pre release details for investors • Final phases at a popular development in Bolton • Completion due Feb/Mar 2010 • Excellent rental yield, current units attracting £400 - £425
Plot Floor Apt Type Sq Ft Bed Bath
157 Ground Hayle 649 2 2
158 Ground Knightsbridge 634 2 2
159 Ground Knightsbridge 634 2 2
160 Ground Hayle 649 2 2
161 First Hayle 649 2 2
162 First Knightsbridge 634 2 2
163 First Knightsbridge 634 2 2
164 First Hayle 649 2 2
165 Second Hayle 649 2 2
166 Second Knightsbridge 634 2 2
167 Second Knightsbridge 634 2 2
168 Second Hayle 649 2 2
169 Third Hayle 649 2 2
170 Third Knightsbridge 634 2 2
171 Third Knightsbridge 634 2 2
172 Third Hayle 649 2 2
173 Ground Tamar 572 2 1
174 Ground Severn 605 2 1
175 Ground Teign 653 2 2
176 Ground Tamar 572 2 1
177 First Tamar 572 2 1
178 First Severn 605 2 1
179 First Teign 653 2 2
180 First Tamar 572 2 1
181 Second Tamar 572 2 1
182 Second Severn 605 2 1
183 Second Teign 653 2 2
184 Second Tamar 572 2 1
Plot information
Pre release investor deals:
£68,500 per unit
Purchase fee £7,350 payable immediately (10% deposit taken off the price plus £500 set up)
Net fee to finance
£61,650
Plot information
Example / Illustration for professional use only
Plot Floor Type Sq Ft Beds Bath Price
157 Ground Hayle 649 2 2 £68,500
65% loan Payment Expected % Deposit Set Up Total Fee
£44,525 £171.98 £400 -£425 7% to 7.5% £6,850 £500 £7,350
Mortgage Rental Yield Fees required immediately
BM Solutions 25yr interest only Buy to let product, 1 yr tracker- BBR plus 4% Full product details available on request
Ground rent £125, Service Charge £780
Current lending terms generate repayments from £171.98
Current rental deals are generating
£400 to £425
Plans available on request
Plot information
Due Diligence
The Place, Bolton : mortgage transaction price & valuation in Dec 2008, £107,000
1 Eagley Brook Way, Bolton, £125,674
Trovit homes, Eagley Brook 1 bed apartment £119,950
Rightmove, Elan Homes 2 bed apts £94,995 & £99,995
www.belgraviawm.com
Search: BL1 8TS 27TH August 2009