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clacton on sea, essex
a nicely presented two bedroom semi detached house conveniently located just 1/2 mile from the sea front.
17.4 % discount on already reduced price - 7.5% yield
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Discount price |
£95,000 |
Property Price |
£115,000 |
Instant Discount |
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% Discount |
17.4% |
Buy to sell or let |
Yes |
Unit type |
2 bedroom house |
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| 1/2 mile to seafront and centre |
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| This is a a two bedroom semi detached house located just 1/2 a mile from Clacton's sea front, shops and railway station.
The property has just been reduced in price from £123,000 to £115,000 which is the point we have used for discount purposes. You can therefore purchase this property with a 17.4% discount which gives a net price of just £95,000.
A similar property has just let for £625 pm, although we have based our calculations on a rent of £600 pm which gives a 7.5% yield on the net purchase price.
The property is in nice condition throughout as you can see from the pictures below. The accommodation is a good size offering 2 reception rooms, kitchen, 2 bedrooms and bathroom to first floor. The property has gas heating and is part double glazed.
 
 
Original Market price £123,000
Current market Price £115,000
Purchase price £95,000
Instant Equity £20,000
Monthly rent £600
7.5% yield on net price
The vendor has been informed that the buyer will pay £500 towards legal fees. Pinnacle finders fee 2% +vat
There have been a few properties within 1/4 mile of the postcode which have recently sold or are for sale.
Sold
Semi £123,000 March 2008-Same Road
Semi £127,000 Aug 2007-Same Road
Semi £115,000 April 2007-Same Road
Semi £125,000 Jan 2007-Same Road
For sale
2 bed semi-£125,000
2 bed terrace-£125,000-same Road
2 bed semi-£120,000
3 bed terrace-£115,000
The above have been taken from Rightmove the property portal
The current owner would like a quick sale as this is a second property.
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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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