brookside full

8/3/2019 Brookside Full

1/9

1 bed ground floor flat

Front and rear gardens

Estimated rental of 375 pcm

Newly improved

25% discount

The due diligence in this brochure is offered to you as a guide. Do not buy investment property without

carrying out due diligence of your own.

23 Brookside, West Derby, Liverpool, L12 0BA

1 bed flat 45,000Open market value 60,000

Yield 10%


2/9

2

Location

www.maps.google.co.uk/maps


3/9

3

Acorn Area Classification

Family income Low

Interest in current affairs Medium

Housing - with mortgage Low

Educated - to degree level Low

Couples with children Low

Have satellite TV Medium

Price Trends for Flats in L12


4/9

4

TRANSPORT MODE LOCATION

Railway Station Broad Green 2.29 miles

Coach station Liverpool 4.39 miles

Airport Liverpool John Lennon Airport 7.09 miles

Ferry Port Liverpool 5.34 miles

www.upmystreet.com

Property Details

1 bed ground floor maisonette 1 reception room Built 1982 Front & rear gardens 4 flats in block Electric heaters Good condition Leasehold: long lease 970 years / 40 per year ground rent no service charge Patio doors are double glazed, the remainder of the windows are not. Recent improvements include new carpets, new front door, re-decorated throughout, garden tidy


5/9

5


6/9

6

Sales Comparables (sold prices)

Address Details More Info

37 Brookside,West Derby,

Liverpool,Merseyside,

L12 0BA

60,000Flat

LeaseholdNot New Build

01-Oct-2010Map (L12 0BA)


Liverpool,

Merseyside,L12 0BA

60,000Flat

Leasehold

Not New Build

04-Aug-2010Map (L12 0BA)



L12 0BA

60,000Flat


21-May-2010Map (L12 0BA)



L12 0BA

60,000Flat


01-Apr-2010Map (L12 0BA)

www.nethouseprices.com


7/9

7

Rental Comparables

Estimated rental income 375 pcm

http://www.rightmove.co.uk


8/9

8

Financial Illustration

Estimated market value 60,000.00

Discount % 25.00

Purchase price 45,000.00

Reservation

Reservation deposit 1,000.00 Deducted upon exchange

Total On Reservation 1,000.00

Fees

Searches 320.00

Valuation Fee (approx depending on lender) 400.00

Exchange

Exchange deposit @ 10% 4,500.00

Return of 1,000 reservation fee -1,000.00

Balance of funds to exchange 3,500.00

Buy-To-Let Mortgage

Purchase Price 45,000.00

Mortgage at 80% 36,000.00

Completion

Stamp Duty Exempt 0.00

Finance and Legal fees (approx) 1,280.00 Lender fees may also be applicable

Completion deposit 4,500.00

Total Payments At Completion 5,780.00

Total Cash Outlay To Purchase 11,000.00

Equity in property 24,000.00

Monthly Interest Payment 149.70 4.99%* interest rate (subject to status and availability)

Rent pcm 375

Monthly income 225.30 Management agent fees may also be payable

The above cash flow example is for illustration purposes only and does not constitute financial advice orguarantees. It forms no contract. * Interest rates are FOR GUIDANCE ONLY and are subject to status.Interest rates may change at the discretion of the lender. Broadgate Residential Investments Ltd is not a

financial advisor or mortgage broker. You must take independent financial and legal advice beforepurchasing any property. The price and value of any property and income can decrease as well asincrease. Your investment is at risk if you do not keep up payments on a mortgage or any other loansecured on it.


9/9

9

Terms and Conditions

1. The Purchaser understands that this does not form a contract of purchase and that all purchasecontracts will be provided by the vendor to the Purchasers solicitor.

2. The purchaser understands that a reservation fee of 1000 is required to take this property off themarket.

3. The Purchaser understands that when reserving a property through Broadgate Residential

Investments Ltd, any reservation fee required is non refundable. The Purchaser understands thatsuch fee will be passed to the vendor on his/her behalf and therefore remain non refundable.Once paid any disputes over the reservation fee are between the purchaser and the vendorand Broadgate Residential Investments Ltd has no jurisdiction in this respect.

4. The Purchaser understands that the reservation fee reserves the property until the date ofexchange outlined by the vendor. Should the purchaser not be seen to be making fair andreasonable progress to exchange on the date set The Purchaser understands that bothBroadgate Residential Investments Ltd and the vendor may re-offer the property to the openmarket and the reservation fee and arrangement fee will remain non-refundable

5. The Purchaser understands that exchange and completion deposits are payable to his/hersolicitor and not to Broadgate Residential Investments Ltd.

6. The Purchaser understands that Broadgate Residential Investments Ltd has no control overinterest rates and the availability of mortgages.

7. The Purchaser understands that Broadgate Residential Investments Ltd may receive a

commission payment from the vendor.8. The Purchaser understands that the details contained in any information provided are for

guidance only. Any photographs, illustrations, specifications, plans and sizes only give a generalindication of the property. Developers operate a policy of continuous development and features,specifications and elevations treatments may vary. The vendor reserves the right to alter any partof the development for new properties. Particulars supplied in any information should not berelied upon as accurately describing any specific matters.

9. The Purchaser understands Broadgate Residential Investments cannot be responsible for theconstruction and finish of the property

10. The Purchaser understands that Broadgate Residential Investments cannot be responsible forthe services provided by recommended third parties.

11. The Purchaser understands that property values can decrease as well as increase. BroadgateResidential Investments Ltd makes no express or implied income claims. The Purchaser

understands that rental income achieved may not always match that predicted.12. The Purchaser understands that the services of Broadgate Residential Investments Ltd are not

regulated, we encourage all investors to seek appropriate financial and tax advice from suitableregulated sources.

BROADGATE RESIDENTIAL INVESTMENTS LTD, THEIR REPRESENTATIVES & ANY JOINTAGENTS GIVE NOTICE THAT:

Whilst Broadgate Residential Investments Ltd does its utmost to verify the contents of any printed orelectronic formatted document, they have no authority to make or give any representations orwarranties in relation to any property. Any particulars provided do not form any part of an offer orcontract and must not be relied upon as statements or representations of fact. Any areas,measurements or distances are approximate. Any text, photographs and plans are for guidance only

and are not necessarily comprehensive.

Purchasers must satisfy themselves by survey or otherwise. Any particulars or plans provided areprepared from preliminary plans and specifications before completion of the properties are intendedonly as a guide. They may have changed during construction or finishes could vary. Prospectivepurchasers should not rely on this information but have their solicitor check the plans andspecifications attached to their contract.

brookside full

Documents