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Investment Details:

  Clandeboyne Road
Property Details Pic1
property Investment
Property Details Pic2 Property Details Pic3
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Key Selling Points

* Tenanted from Day 1
* £9,700 in
* Valuation paid for
* £190 per month after expenses
* Guaranteed 20% discount against buyer's valuation
* Rent guarantee insurance with Endsleigh

Other Information

Delivery Date : N/A
Finance Available : 75%
Deposit Required: £9,700
Entry Level: £9,700
Est. Gross Rental Return: £720
Est. Net Rental Return:
Anticipated Return of Initial Investment :
Buy As : Property Investment

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Name: Clandeboyne Road
Property Reference: PRI002
Location Information:
Country: Northern Ireland
Region: Bangor
Location1: Clandeboyne Road
Investment Type(s): Property
Price: £ 104,000
Price(max): £ 0
Income Generation Begins From (approx): Month1

Investment Summary
Investment summary

For only £9,700, an investor can purchase one of our extremely strong cashflow positive properties with a 20% guaranteed discount negotiated on a RICS valuation performed only 4 weeks ago. The property, worth £130,000 but available for purchase at £104,000, is tenanted from day one, which gives a positive net cashflow of over £190 per month.

The sellers are renting the property back at a premium, thereby provid­ing you with a quality tenant who is likely to be long-term. This rent is also secured by Endsleigh Insurance who will guarantee rent for a period of 6-12 months if the tenant fails to pay (paperwork on request)

Uniquely, no funds are risked on this deal. We are so confident that the valuations are accurate that we will pay for your RICS valuation as instructed by your chosen lender. This is refundable should the property be down-valued and the vendor unable to honour the 20% discount.

Details                               
RICS Valuation:             £130,000
Purchase Price:               £104,000

Total buying costs:         £9,700
Net cashflow:                 £190.19 p/m

Rent agreed:                  £720
Mortgage @ 5.29%       £429.81

*Rental valuation coverage for mortgage 133%

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Disclaimer
Every effort is made to provide accurate and complete information on the website and the information provided.

All financial and property investments bear varying degrees of risk. Discover and Invest Ltd. is not FSA regulated and therefore, we strongly discourage you from making any investment decision based upon the information that you cannot independently confirm. We thoroughly recommend that you seek independent advice from a qualified financial advisor or solicitor before you make any decision regarding any financial investment offerings.

DAI may make available certain financial information provided by third parties, including information regarding mortgages, personal finance and property investments. Such investment information is for information purposes only and you should not construe it as investment advice or use it for trading or investing purposes.