Case studiesRecently sold deals and how the numbers stacked up
Godsey
Lane, Market Deeping, Peterborough, Cambridgeshire PE6
Description:
A freehold property consisting of 3
bedrooms and a new fitted bathroom, lounge and a newly fitted
kitchen, Double glazing, central heating, front and back gardens. The
property is located in a popular residential market town in
Lincolnshire, 7 miles from Peterborough town centre, on the north
bank of the River Welland and the A15 road. 
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The
package Market
value: £125,000
Investors
discount price: £93,750
Investors
discount : 25%
Instant
equity: £31,250
Rental
valuation: £575 pcm £6900pa
YIELD: 7.04% |
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How the numbers
stacked up
The
deal was sold as a NMD deal
Instant
equity: £31,250 (Built in capital)
Mortgatge
repayments 4.5% BM Product(PCM/PA): £351.56pcm / £4218.72pa
Monthly
rental achieved (PCM/PA) :£575pcm / £6900
Positive cashflow
(PCM/PA): £223.44pcm / £2681.28 pa
Costs of No Money
Down Deal:
Solicitor's,
buyers & vendor £1300 approx, Valuation £400, Finders
fee£2999,
Bridging fee £2000. TOTAL £6699
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