This front terraced house is located in Bradford and comprises a lounge and kitchen on the ground floor, with two bedrooms and bathroom situated on the first floor. There is a dry basement. The property requires renovation to bring it up to excellent rentable condition. It is expected to be let for a monthly sum of £395 and is in an area where there is high demand for properties for rent especially from students as Bradford University.
The property is situated close to the A647 Great Horton Road and local amenities such as 24 hours Tesco Extra, shops, schools and restaurants. The property benefits from excellent access to Bradford City Centre (1.7 miles), Bradford University (1.3 miles), M606 motorway (1.9 miles). Leeds is only 23 mins away and Manchester only 58 mins away by car.
This property was sold in January 2007 for £65,000. Similar properties are currently on the market for £59,000, which equates to the property being purchased at a discount of £16,000 (27.1%) below market value (BMV) after refurbishment works have been done.
There are additional acquisition costs which represent refurbishment cost, a finance fee paid to UKPC Ltd, and disbursements (legal fees, insurance etc). These costs sre necessary so that the structure can provide access to property sourcing at large discounts.
|Property Price:||£600, 000|
|Stamp Duty:||£600, 000|
|Valuation Fees:||£600, 000|
|Legal Fees:||£600, 000|
|UKPC Fee:||£600, 000|
|Total Cost:||£672, 500|