This came through from Stuart Ritchie

Ready made deal 
  
Value £110k (£115k max) 
Price (including fee) £98.5k 
Discount £11.5k 
  
Vendors Situation  FINANCIAL PROBLEMS-LOST JOB AND HAD TO TAKE CUT IN SALARY 
Want to Rent Back   Did want to, but can’t afford more than £380. 
Needs to sell when  1-2 MONTHS 
Name               MS xxxxx 
Street             xxxxx 
Area               THRINGSTONE 
Town               COALVILLE 
County             LEICESTERSHIRE 
Postcode          LE67 8xx 
Phone Day          079xxxxx 
Email                xxx@NTLWORLD.COM 
Market Value   110K-ACCORDING TO VENDOR, 3 bed mid terraces in same part of town on for £105k & £110k, so may be able to stretch this to £115k, as its a semi.  Rental £475 pcm (two beds in nicer part of town renting for £475 and 3 beds in nicer part £525). 
Outstanding Mortgage  £72,000-PLATFORM + 3 MONTHS ARREARS @1500 POUNDS 
Secured Loans   £5,500-PLATFORM  + 3 MONTHS ARREARS 450 POUNDS 
7500 POUNDS TO THE COUNCIL for part of right to buy discount, as only bought in 2004 
Are you able to consider an offer upto 20% Below Market Value ? YES  (shows motivation, but figures don’t quite allow this) 
Further information…. 
Type   SEMI-DETACHED             Tenure FREEHOLD 
Beds   3 
Garage  NO 
Off-road parking  YES 
On market   NO 
Condition   GOOD 
Kitchen needed   NO 
Bathroom needed  NO 
Heating needed   NO 
Windows needed   NO 
Rewire needed    NO 
Decorating needed  YES 
Carpets needed     NO 
Other works needed  FENCING TO FRONT OF PROPERTY 
Improvements made by owner   NEW CENTRAL HEATING, NEW 4 PIECE BATHROOM SUITE 
                             NEW PLASTERING, LAMINATE FLOORS DOWNSTAIRS, UPVC DOORS FRONT & BACK 
                             BACK GARDEN SLABBED 
Comments 
  
Skirting being done this week.  Decorating next week (neutral).  Having garden tidied up.  All required decoration will be undertaken by vendor before completion. 
  
Market Comparables – for sale 
  
3 bed mid terrace same part of town £105k – Rightmove 
3 bed mid terrace same part of town £110k – Rightmove 
  
Sold prices 
  
3 bed mid terrace same street £95k – 01/09/2006 
3 bed semi – neighbouring street £91.5k 12/10/06 
3 bed semi same street £90k 07/04/04 
3 bed semi – neighbouring street £88.5k 17/10/05 
  
Realistic Rental 
  
£475 pcm 
  
This is available as a ready made deal for £5.5k fee, which has been included in the price shown above.  If you are interested in the lead the reservation fee is £2.5k, payable when you reserve the lead, which will be refunded if the survey comes back less than we have quoted and you consequently decide to withdraw from the sale.  We will instruct the survey on your behalf and you need to use our broker and solicitor.  The remainder of the fee is due on exchange of contracts.

stuart@sandtproperties.co.uk