1 bed apartments - 33% below RICS valuations - Sheffield

[marcus-cpi]

1 bed apartments, Sheffield City Centre, S3
33% below RICS valuations
7.5% to 8.5% estimated rental yield

The Deal
Location: Sheffield City Centre
Estimated Full Market Value: £115,000
Agreed price: 33% below RICS valuation for mortgage application.
Discount: 33% Estimated gross rental yield: 7.5% - 8.5% (£475 to £550 pcm)
Just to be clear - even if the valuation comes in lower than the quoted value, the discount will be from the valuation figure.

Property Details
1 bed apartments in a 132-unit residential scheme next to the River Don in the heart of the city and within walking distance from the city centers amenities.

The apartments range in size from 450 to 560 square feet. Fully fitted bathroom and kitchens with granite work tops and all white goods included - ready to let unfurnished.

Financing
Structured finance to reduce the cash requirement for the deal can be used. Using the 70% product from Northern Rock at 6.79% the cash input for the deal including all fees is £6,500.

For applicants with proof of income greater than £25,000 pa 75% LTV is available from Alliance & Leicester which can reduce the cash input further.

Fees
£2,500 (inc. VAT)

Please contact me now for further details - we have full financial simulations and further information.

Marcus
Director | Complete Property Investment
Email: le@completepropertyinvestment.com"target="_blank"target="_blank
Phone: 0207 193 4799
Skype: marcuscherry
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