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Kirton Lindsey, lincolnshire
Renovated and extended 2 bedroom cottages with RICS valuations between Lincoln and Scunthorpe.
16.9-18.5% discounts for a quick completion.
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Discount price |
£108,000-£110,000 |
Property Price |
£130,000-£135,000 |
Instant Discount |
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% Discount |
16.9%-18.5% |
Buy to let or sell |
Both |
Unit type |
2 bedroom cottages |
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| Buy to let or buy to sell deal |
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| We have 4 recently renovated and extended 2 bedroom cottages in the delightful County of Lincolnshire.
The properties have been sympathetically upgraded and now provide for modern kitchens, bathrooms, heating and UPVC windows and doors. They have also been fitted with new floor coverings. Off road Parking is available.
The units are ready to go and should require no further work for the buy to let investor. One of the properties is pre let to a tenant at £550 per month.
The property has a confirmed value via a recent RICS valuation at £135,000 as quoted by the vendor.
Have a look at the pictures below and see for yourself
 
LOCATION
Situated in the popular town of Kirton in Lindsey with its many and varied amenities to include both primary and senior schools of good repute, library, restaurant, public houses, butchers, bakers and local general stores as well as a established garden centre.
The town is approximately 10 - 15 minutes away from Brigg, and approximately 15 minutes to Scunthorpe and within easy reach of the A15, A18, and M180.
| Reason for Below market value price |
The vendor of the properties is now looking at a new project and wishes to release some cash flow from one or two of the properties. He understands that this will require selling a couple of units at a heavily discounted prices in order to secure his objective.
Market price £130,000-£135,000
Purchase Price £108,000-£110,000
Instant Equity £22,000-£25,000
Monthly rent £550+
Pinnacle property finders fee for this deal is 2% + vat of the gross purchase price.
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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 property.
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 and need to be confirmed by a RICS valuation. No express or implied income claims are made herein. Neither Pinnacle Property Association/Pinnacle Property Link Ltd nor any of its partners, directors, employees or representatives will be liable for damages arising out of or in connection with the use of information provided in this document. Purchasers should undertake their own due diligence before making a commitment to purchase and it is understood that this has taken place prior to making a reservation.
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Copyright © 2008 Pinnacle Property Association. All rights reserved. |
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