This property is a charming 3 bedroom mid terraced house offered in a nice ready to let condition as you can see from the pictures below.

It is located in a convenient position within a few miles of Widnes centre, the M62 Motorway and open countryside.

The house itself is a delight and is presented in good order offering 3 bedrooms, lounge with feature fireplace, main bathroom, Modern Kitchen, utility room/study and gas central heating.

This is an inexpensive property with a good yield and positive monthly cash flow.

The property will be vacant on legal completion, however our local letting agent believes a tenant can be found
within 3 weeks of this. They haven't let us down in the past so we are confident this can be achieved.

Market price £95,000

Purchase Price £80,750

Instant Equity £14,250

Mortgage £80,750 @ 85% of £95,000

Monthly mortgage payment £396 @ 5.89%

Monthly rent £500

This deal will provide positive monthly cash flow based on the figures above. This cash flow will increase if a larger deposit was put into the deal. We have indicated some figures below for a 5% deposit which will enable an alternative product currently at 4.99% (Subject to change).

Mortgage £76,000 @ 80% of £90,000

Monthly mortgage payment £316 @ 4.99%

Monthly rent £500

The above figures are subject to valuation and mortgage product. Please note mortgage products are changing on a daily basis.

Stamp duty - £0

Legal fees - £575

Legal Disbursement - £350

Survey fee - £300

Mortgage broker fee £350

Pinnacle fee £2232 inc vat

Potential total cost to buy this property £3807*

(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.