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Property & Commercial Flat For Sale

13% Below Market Value – 2 bedroom flat – St John Wood


  • 13% Below Market Value – 2 bedroom flat – St John Wood
  • 13% Below Market Value – 2 bedroom flat – St John Wood
  • 13% Below Market Value – 2 bedroom flat – St John Wood
Description
Price : £435,000
Type : Sell
Date : March 19, 2020
Location :West Hampstead

Property type Flat

Number of bedrooms 2

Need to sell your property quickly, need assistance with finance (bridging loan/ Mortgage), if you have a legal matter (repossessions) why not give us a call us or email us and we can set up a consultation and assess your case further.

We have a 2 bedroom flat for sale in St John Wood

Property is significantly below market value, which makes it an ideal investment opportunity for an investor.

Key points:

* 2 double bedrooms

* Great Location (strong rental demand)

* Current lease is 95 years remaining but you can extend it if you wish to.

*service charge (£1,400 per annum) ground rent (£10 per annum)

* Grade II listed building

Expected rental:

The property as is would generate circa £1,600pcm

However, if some much-needed refurbishment is carried out then you could be looking at £1,733pcm.

The Vision

•To purchase the property for £435,000, rent out to generate a healthy cashflow

•Purchase and refinance after 6 months against the true market value to pull out some of your investment

Costs to Consider

•Mortgage cost at 4% = £1,088 pcm

•Management at 10% + Vat = £208 pcm

•Service Charges and ground rent = £118 pcm

Capital Required To Get Involved:

•Purchase Price = £435,000

•25% Deposit = £108,750

•Stamp Duty = £24,800

•Legals = £1,000

We do charge a buyers premium and they vary property to property on this one we are looking at £3,000. This is fully refundable if you no longer wish to proceed. Please request T&C for clarity. CONTACT 07803472672

 

Mention https://ukbuyandsell.com/ when calling seller to get a good deal

 


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