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Description

Currently Tenanted
3 Bed Terrace (Freehold)
Rental Income - £1350
Monthly Payment - £480
Monthly Cashflow - £870

At T&T Homes we are not a traditional estate agents. We offer our investors a unique and creative approach to investing. Purchase this property Luna Road CR7 8NY via delayed completion for an investment of £100,000 today. For more information on how delayed completion works please get in contact with us.

Luna Road CR7 8NY is valued at £425,000 according to our research as similar properties has sold for similar prices within the last 12 months. Over the last 5 - 10 years property values in this area have appreciated by 37%. Nonetheless it is forecasted that the value of this property is expected to reach £475,000 after the option period.

Luna Road CR7 8NY is a 3 Bed Terrace. The property would make a great investment for anyone who wants to use minimal capital to maximise returns. To the best of our knowledge there is some work to be done on this property. This property is currently tenanted with the current tenants paying £1350 pcm. There may be an opportunity to rent each room out individually, however research is recommended if you would like to pursue this strategy.

There is a fixed purchase price of £350,000 on the property, which requires a monthly mortgage payment of £480. This means that there is a potential to achieve a cash flow of £870pcm. Furthermore with the forecasted valuation of the property expected to rise to £475,000 after 10 years, you stand to make £104,400 in rental income, and £125,000 when you resale the property after the option period. This gives you total potential earnings of £229,400 from an investment of just £100,000.

This investment is strictly offered on a 'first-come first-served basis'. If you're interested please give the office a call to arrange a viewing

This property represents an opportunity to invest via delayed completion. Delayed completion is a written agreement (backed by a UK solicitor) between a buyer and a seller that would allow a buyer to purchase a property at an agreed price in the future. However in the interim the buyer agrees to manage the property on behalf of the seller becoming responsible for the running costs and benefiting from any income. During this management period (which could be anything from 3-15 years) the buyer can exercise their legal right to purchase the property at the agreed price at any given time.

Address

  • Address: 12A Luna Road
  • State/county: THORNTON HEATH
  • Zip/Postal Code: CR7 8NY
  • Country: United Kingdom

Detail

Updated on August 30, 2018 at 6:11 am

  • Property ID: 4016234
  • Price: 75000.00
  • Bedrooms: 3
  • Bathrooms: 2
  • Property Type: Terraced House
  • Property Status: For Sale