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Seaham, co durham
a two bedroom semi detached house built about 18 years ago on a modern development in Co durham.
Huge 21.7% discount for a quick sale.
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Discount price |
£90,000 |
Property Price |
£115,000 |
Instant Discount |
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% Discount |
21.7% |
Buy to sell or let |
Yes |
Unit type |
2 bedroom house |
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| Buy to sell or buy to let. |
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| A 2 bed semi detached house located on a modern development in the North East County of Co Durham.
The property is offered with a 21.7% discount based upon a market value of £115,000. It would appear the true market value may be nearer £120,000 when you take in the comparables below, however the property is in need of a minor spruce up so we have put a more conservative figure on the market value.
The property offers 2 bedrooms, lounge, kitchen, bathroom and comes with a parking space. It has gas central heating and UPVC windows.
The owner informs us it will need new carpets, a repair to fencing and attention to a small leek. The lounge has been redecorated recently.
  
A good lead in value property with great rental potential.
Market price £115,000
Purchase Price £90,000
Instant Equity £25,000
Monthly rent £475
The vendor has been informed that the buyer will pay £500 towards legal fees. Pinnacle finders fee £2500 +vat
There have been a few properties within the development sold recently details which are below.
Sold
Terraced £117,000 Oct 2007
Semi Detached £157,000 Aug 2007
Detached £142,000 July 2007
Detached £160,000 May 2007
Semi Detached £142,000 March 2007
Reserved
3 bedroom semi detached £158,000
On market
3 bedroom semi detached £149,500
3
bedroom semi detached £155,000
The above have been taken from Rightmove the property portal
The current owner needs a quick sale as they are in financial difficulties at present.
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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
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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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