Property description

Premium Offers Over £19,950


We are pleased to present this property on an Option to Purchase basis (Details Attached)


Description/Area

* 3 Bedroom, 2 Reception Room Mid Terraced House
* Previously Tenanted at £550 Per Month on a single AST
* Rent equivalent at £6,600 Per Year
* Strong Rental Demand
* Could improve income as Single Lets



Location/Location?location

* Distance from:-
# Heartland Hospital - 1.4 Miles
# Bullring Shopping Centre - 2 Miles
# O2 Academy - 3 Miles
# Birmingham City Centre University - 3.8 Miles
# Science Museum - 1.8 Miles
# Aston University - 2.7 Miles



How does this work ?



(Buyer)

- You have the rights to the rental income for the duration of the Term
- You manage the Property as a Buy to let investor
- Your Name is registered at Land Registry
- All rental income will belong to you
- Option for period of Loan term outstanding
- You can assign the agreement at any time
- You agree to pay the monthly mortgage amount to the owner in order for them to pay the lender



(Lender)

- You insure and maintain the property exactly you would your own
- Any equity uplift will be Yours once the outstanding loan is repaid
- You can complete the Purchase at any time by Paying off the Mortgage
- You can sell at any time and benefit from any proceeds over the Mortgage Amount
- You do Not take on the exsisting Mortgage
- No Credit Checks



(The Seller)

- Cannot mortgage, remortgage or put a charge on the property
- Cannot collect the Rental income
- Will enter in to a power of attorney in your name so you have control over the Property



Please enquire for full details

Property Features :

• Opportunity to Increase to : £ 15,600 pa [ Gross 78.19 % Yield ] on a ( 4 Bed Multi-Let:- &
• Financial Projections Over a 15 Year Term [ Based on:- 4 Bed Multi-Let ] :-
• Gross Rental : - Circa £ 249,000 +/-
• Net Rental Income:- Circa £ 197,700 +/-
• Projected Equity Analysis After 15 years