Radcliffe, Manchester, M26
2 Bed, 1 bathroom Apartments with parking
Original Sale Price £136,000
Estimated Current Value £107,500
WPI Investor Price £80,625
Rent £525 -£550
Service & Ground Rent £1,100 per annum
Monthly Cash Flow £375 (based on 65% LTV and 4% Rate)
Reservation Fee £1,000 (Reduced from price on completion)
Finder Fee £1,500 on exchange of contracts
125 yr Lease
Take a look at the below comparable properties for sale and rent. You will see the figures of £110,000 and £525 are very conservative and are based on quick sale prices and rents. The 25% discount build in huge levels of equity and if a mortgage is used the cash flow will be £375 a month (based on 65% LTV and 4% rate).
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