Birmingham - 31% Below Market Value Refurbishment Opportunity - Click for more info

Description

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

Apple Devices : Search for Property Investor in iOS app store
Android Devices : Search for Property Investor in Googleplay app store

If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940

31% Below Market Value

Refurbishment Opportunity

3 Bedroom Semi Detached House

Neville Road, Birmingham, B23 7SB

Market Value = £170,000

Purchase Price = £118,000

Finder’s Fee = £7,500 + Vat

Potential Gross Income = £850 pcm = £10,200 per annum

CASHFLOW AFTER ALL THE ABOVE COSTS

Managed = £748 pcm = £8,976 per annum

Self Managed = £850 pcm = £10,200 per annum

For a limited time only, we have managed to secure a 3-bedroom semi-detached property close to Birmingham City Centre.

The property is an extended traditional freehold centrally heated, double glazed 3-bedroom semi-detached house in need of some cosmetic refurbishment. The property occupies an elevated position with panoramic views and comprises enclosed porch entrance, hallway, lounge, dining room, kitchen, utility, bathroom, rear garage and garden.

Once refurbished the property can be let out as a single let £850 pcm. It can then be re-financed onto buy to let mortgage off of new market value of £170,000.

The property could be purchased by cash but can use bridging finance as well.

The property is situated in an area that has great transport connections, close to City Centre, shopping facilities and other local amenities the city has to offer.

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

Apple Devices : Search for Property Investor in iOS app store
Android Devices : Search for Property Investor in Googleplay app store

If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940

Ad ID: 1398062970