1 Bed Semi Detached with £16,750 Equity and Cashflowing by £192 - KA11

8/3/2019 1 Bed Semi Detached with 16,750 Equity and Cashflowing by 192 - KA11

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16,750 Equity - 192 Cashflow 25% Discount

1 Bed Semi DetachedPackaged Property Deals, Leaving you time for more important things.

155,752 Gross Profit

Irvine, Ayrshire


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Executive Summary

The summary above is based on a retail price index of 3% and capital growth over

12 years at 7%.

The property has been valued at 67,000 by a RICS surveyor, the report is available

upon reservation and finance approval.

The rent assessment value at 400 has been approved by the surveyor.

We work in partnership with Professional Lettings who are able to market the

property for letting upon reservation .

Purchase % Discount Initial Value - 2011 Montly Mortgage Monthly Rent PROFIT in 2023 Inc R

52,500 25% 67,000 208 400 98,397 144,

11 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 202

rease 7% 7% 7% 7% 7% 7% 7% 7% 7% 7% 7% 7%

Future Value - Predicted

000 71,690 76,708 82,078 87,823 93,971 100,549 107,587 115,118 123,177 131,799 141,025 150,

Rental CashFlow - Annual

304 2,465 2,638 2,822 3,020 3,231 3,458 3,700 3,959 4,236 4,532 4,850 5,1

Rental CashFlow Cumulative

304 4,769 7,407 10,230 13,250 16,481 19,939 23,639 27,597 31,833 36,365 41,215 46,4

The property can be let byour letting partners,

Professional Letting if

required


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Accommodation

Overtoun Road Irvine KA11

One bed semi detached villa in quiet residential area. Gas central heating and double glazing

throughout.

Irvine which resides on the West coast of Scotland with its own picturesque harbour and beach. Only a

half hours train journey from Glasgow and less than 10 miles from Prestwick Airport.

Comprises

Gardens: Front and rear fully lawned with driveway to the side.

Hallway: Doors leading to all rooms. Patterned carpets and mint painted walls.

Living room: Ample sized living area with green carpets and green & cream papered walls. Large

window to the front. Door leading to the kitchen.

Dining room: Just off from the kitchen with red carpets and cream papered walls. Patio doors to the

rear garden

Kitchen: Good size with wooden wall and base units and cream work surfaces. Stainless steel sink and

drainer. Tiled splash back. White ceramic floor tiles. Brown oven, hob and extractor. Door leading to

the dining room.

Bedroom 1: Good sized double room with rose carpets and light papered walls. Fitted wardrobes on

one wall. Window to the rear. Good sized shelved storage off.

Bathroom: Nice sized bathroom with white w.c and wash hand basin. Corner shower cubicle with

electric shower. Fully tiled in green and white tiles. Window to the front. White heated towel rail.


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More Photos


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Sales Comparable


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Rental Comparable


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Neighbourhood ProfileOften, many of the people who live in this sort of postcode will be low income largerfamilies living in semis. These are known as type 44 in the ACORN classification and3.04% of the UK's population live in this type.

The Black Country and South Yorkshire are the main places for these communities,although they generally crop up in most urban areas. Towns such as Doncaster,Barnsley, Dudley, Wrexham, and Ballymoney are typical.

These families tend to live in reasonably large council properties. Incomes are well belowaverage with nearly a third of families earning less than 10,000. Unemployment ishigher than average. Work is typically routine, in a factory or some other manualoccupation. Jobs reflect the general lack of educational qualifications. Households tendto be families with a number of school age children. Over 10% are single parent families.Home to these families will often be a three bedroom semi-detached property rentedfrom the local council or housing association. The lottery, football pools and bingo mayoffer the hope of wealth. Since money is tight, the payment facilities offered by catalogueshopping are an attraction in these areas.

People with a car will own a low value second hand vehicle. Shopping may be done inMorrisons or Kwik Save, and holidays may well be to a caravan park or a camp site. Fewleisure activities seem affordable. Angling is popular and people will spend time listeningto music or watching television. The newspaper is generally a tabloid.


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Property Training Wealth Creation

1 Bedroom Semi DetachedPackaged Property Deals, Leaving you time for more important things.

16,750 Equity - 192 Cashflow 25% Discount

Profit Warning - 144,801 (gross)

Documents

1 Bed Semi Detached with £16,750 Equity and Cashflowing by £192 - KA11