SOLD – Leicester City Centre Flats 25% Below Market Value
Deal Summary
- 4 Flats Available
- 1,2 and 3 bedrooms
- 25% Below Market Value
- Leicester City Centre Location
- Excellent Rental Market
- Cashflow positive
- New leases of 99 years
Deal Structure
The structure we have put in place enables our clients to purchase these properties at a discount of 25%, which represents instant equity between £18,000 and £20,000. Furthermore the rental income will exceed the mortgage payments, thereby generating a monthly positive cashflow.
Here is a 2 bed example:
2 Bed Flat
Valuation: £75,000
Discount: 25%
Purchase Price: £56,250
Instant Equity: £18,750
Monthly Cash-flow
Rental Assessment: £450
Mortgage (BM 4.35%): £204
Ground rent &Service charge £ 41
Profit £205
Location
The flats are very well situated in Leicester city centre with all its amenities including shops, restaurants, bars and extensive leisure facilities. Leicester train station with direct links to London, Birmingham and Nottingham is only 400 yards away. The M1 motorway is the gateway to London to the south as well as Nottingham, Sheffield and Leeds to the north.
The centrality and convenience of the location means there is a very buoyant rental market for these flats.
Pictures
To obtain further information about this deal, please contact us by
E-Mail: Info@ventispropertyinvestment.com
Phone: 0208 940 9556