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Mablethorpe, lincolnshire
a good size 2 bedroom link detached bungalow in a popular Lincolnshire location close to the coast.
17% discount for a quick completion with 2% cashback.
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Discount price |
£131,140 |
Property Price |
£158,000 |
Instant Discount |
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Pre let |
Yes |
No deposit |
Yes |
Unit type |
2 bedroom link detached bungalow |
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| Assignable contract deal |
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| This property is a 2 bedroom link detached bungalow in the popular Lincolnshire area of Mablethorpe close to the coast.
The property offers two bedrooms, garage and good size rear garden.
It is currently let at £600 per month and the tenant would like to extend their stay. It would therefore be possible to agree an increase in the rent subject to negotiation.
The property is offered with a 17% discount for a quick sale and therefore subject to an 85% loan to value mortgage will provide a 2% cash back on completion.
Market price £158,000
Purchase Price £131,140
Instant Equity £26,860
Mortgage £134,300 @ 85% £158,000
Monthly mortgage payment £615 @ 5.5%
Monthly rent £600-£650
Possible cashback £3160
The above figures are subject to valuation and mortgage product.
Stamp duty - £1580
Legal fees - £575
Legal Disbursement - £350
Survey fee - £350
Mortgage broker fee £655
Pinnacle fee £3713 inc vat
Potential total cost to buy this property £4063*
(These are not exact figures above but a good baseline to work with, also note there will be an agreement fee about 1%-2.5% for the mortgage which will be added on to the loan amount and this amount varies in each case, also product values change daily) *The potential purchase cost is the difference between the mortgage, purchase price and cost to buy. Mortgages are subject to valuation and personal circumstances. Other costs may apply
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| 10 year price table |
| The table below shows how the property purchased at a net price of £135,995 could grow over the next 10 years at 2%, 5% and 8% |
% |
Yr1 |
Yr2 |
Yr3 |
Yr4 |
Yr5 |
Yr6 |
Yr7 |
Yr8 |
Yr9 |
Yr10 |
Potential growth |
2% |
£138,714 |
£141,489 |
£144,318 |
£147,205 |
£150,149 |
£153,152 |
£156,215 |
£159,399 |
£162,526 |
£165,777 |
£50,181 |
5% |
£142,794 |
£149,934 |
£157,431 |
£165,302 |
£173,567 |
£182,246 |
£191,358 |
£200,926 |
£210,972 |
£221,521 |
£105,925 |
8% |
£146,874 |
£158,624 |
£171,314 |
£185,019 |
£199,821 |
£215,806 |
£233,071 |
£251,717 |
£271,854 |
£293,603 |
£178,007 |
Prices can go up as well as down |
Call us now on the sales reservation line for further details
Tel 07887 512597
or
click on the call back request link below and we will call you
Call back request |
| Disclaimer |
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The details contained in this brochure are for guidance only. Any photographs, illustrations, plans and sizes, only give a general indication of the proposed development. The developer operates a policy of continuous development and features, specifications and external treatments may vary. The developer reserves the right to alter any part of the development.
Particulars described in this brochure should not be relied upon as accurately describing any specific matters. Tables, projections and profit forecasts, are provided for illustrative purposes only. Property values and assumed rentals can decrease as well as increase. No express or implied income claims are made herein. Neither Pinnacle Property Association/Pinnacle Property Link Ltd nor any of its partners, directors,
e employees or representatives will be liable for damages arising out of or in connection with the use of information provided in this document.
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Copyright © 2008 Pinnacle Property Association. All rights reserved. |
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