3 Bed House, Birmingham, £24,500 Discount

Investment Highlights

  • 3 Bedroom Freehold House
  • Garden, Conservatory & Garage
  • Good Condition
  • Market Value: £123,000
  • Investor Price: £98,500
  • 24,500 Below Market Value
  • Yield: 7%
  • 25 Minutes to Birmingham City Centre
  • 5 minutes from Redditch Town Centre


Please enquire for further details.

Tel:    02089 409 556

Email: Info@ventispropertyinvestment.com

SOLD – 3 Bed House in Birmingham 23% Discount

Front External

This 3 bedroom house is in very good condition and is located in a residential area a few minutes away from Birmingham town centre. It has been valued at £105,000 with an agreed purchase price of £81,000, providing £24,000 instant equity. The rental assessment on the property is £500 pcm, which will generate a cashflow of circa £170 pcm after expenses.


Deal Summary

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RICS valuation: £105,000
•
Price: £81,000
•
£24,000 Instant equity
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23% Discount guaranteed or your money back.
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Valuation paid for.
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Market Rent: £500 per month.
•
Circa £170 net profit per month


Monthly Cashflow

  • Rental Income: £500
  • Mortgage at 4.79%: £250
  • Management: £69
  • Insurance: £10
  • Net Profit: £171

Buying costs

  • Finance fees: £600
  • Legal fees: £600
  • Sourcing fee: £1,500