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Newly Refurbished, 25% Discount, Cashflow Positive in Leigh, Lancs, WN7

1 Bedroom ApartmentPackaged Property Deals, Leaving you time for more important things.

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MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a

general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the

sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service,

appliances and specific fittings.Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these

particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to

this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred

including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.

Property Details Chester Street, Leigh, Lancs, WN7

Accommodation comprises of: 

Living Area, Kitchen, Bedroom 1 and Bathroom

Structure of deal: 

  Market value £60,000

  Investor price £45,000

  Discount from market value 25%

  Purchase price shall be Market Value price

  Estimated rent £350 pm

  Rental yield of 9.33%  75% LTV Mortgage available subject to status

  Bridging facility available subject to status

  £2,495+vat required to secure purchase

  Investor to use recommended solicitor

Financial details:

Based on TMW 75% LTV 4.19% interest rate. 2 Year Tracker

  Loan amount of £46,575 (including 3.5% arrangement fee)

  Monthly payments based on 4.19% interest rate of £162

  Rental income of £350 pm

  Cash positive rental income of £188 pm

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MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a

general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the

sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service,

appliances and specific fittings.Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these

particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to

this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred

including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.

Photos 

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MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a

general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the

sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service,

appliances and specific fittings.Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these

particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to

this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred

including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.

Neighbourhood Profile

Often, many of the people who live in this sort of postcode will be home owning families living in terraces.

These are known as type 42 in the ACORN classification and 2.94% of the UK's population live in this type.

Neighbourhoods fitting this profile are largely found in former mining, industrial and manufacturing areas of 

Wales and northern England. Examples include Merthyr Tydfil, Rhonda, Burnley, Barrow in Furness and

Halifax.

Young families with two children under 10, living in small terraced housing, characterise this type of postcode.

Adults tend to be in the 20-40 age group with fewer older people and retired. There are some single parent

households.

This is the ACORN type with the highest incidence of terraced housing. The houses tend to be small, with two

or sometimes three bedrooms, and at the lower end of the house price scale. 70% of households are owner

occupiers, with most buying on a mortgage. Most of the rest are renting from private landlords, with a smaller

proportion renting from the local authority.

Generally, employment is in blue-collar jobs in manufacturing, mining and other manual occupations, with

shopworkers also common. There is some unemployment, and long term illness is above the national average.

As might be expected, educational qualification levels are generally low.

Car ownership is below the national average, and many people travel to work on foot or cycle.

Incomes are on the low side so there is little scope for investments and savings. Use of credit cards is belowaverage.

Leisure interests include camping, angling, bingo, horseracing and rugby, as well as watching cable TV and

going to the pub.

Popular newspapers include the Daily Mirror, Daily Sport and their Sunday equivalents, as well as the Daily

Star.

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MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a

general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the

sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service,

appliances and specific fittings.Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these

particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to

this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred

including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.

Sales Comparables

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MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a

general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the

sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service,

appliances and specific fittings.Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these

particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to

this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred

including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.

Rental Comparables