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Subject: Retford Notts, No money down, ready made deal

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Johnny Debt
Posts:322


06-08-2007 11:53 AM Alert 
From Stuart
Please email if you are interested in this deal. stuart@sandtproperties.co.uk

Ready made deal
Value £185,000
Price (including fee) £153,550
Vendors Situation FOUND DREAM HOME, WANTS TO MOVE QUICKLY
Want to Rent Back: NO.
Needs to sell when: 1 MONTH
Name MRS xxxxx
Street xxxxx xxxx
Town RETFORD
County NOTTS
Postcode DN22 6xx
Phone Day 017xxxxx
Email xxxxxxx@btinternet.com
Market Value 185K-ACCORDING TO VENDOR, and his estate agent
Outstanding Mortgage : £148,000
Secured Loans : NONE
Are you able to consider an offer up to 20% Below Market Value ? YES (unfortunately the equity doesn’t allow this)
Further information….
Type SEMI-DETACHED Tenure FREEHOLD
Beds 4
On market YES
Condition VERY GOOD
Garage: YES
Kitchen needed NO
Bathroom needed NO
Heating needed NO
Windows needed NO
Rewire needed NO
Decorating needed NO
Carpets needed: only on the stairs,  or could do with a shampoo
Other works needed :
Improvements made by owner:
 
Notes: Property was built in 2005 so is still like new!  also has garage and conservatory
 
Market Comparable - For sale
4 bed detached house on right move.co.uk, (within half a mile of the property.
Range from £225,000 to £252,950. Also a brand new home 4 bed detached up for £262,000
 

£179,950
4 bedrooms | Detached,  Welham Grove, Retford, Notts
 
£179,950
4 bedroom, town house, DN22, 36 Waterfields
 
£189,950
4 bedroom, Detached, Retford, Notts,
 
£192,500
4 bed, Retford, Notts
 
£199,000
4 bedrooms, Detached, 14 Bigsby road.
 
Sold Prices
Terrace (not sure of bedrooms), same street  £190,000, 08/12/2006
4 semi-detached - Same Street £180,000, 27/04/2006
Terrace (not sure of bedrooms)- Same street £180,000  17/11/2006
Terrace -Same street- £165,000  03/11/2006
Terrace -Same street- £165,000  21/10/2006
Terrace -Same street- £180,000  29/09/2006
 
===============================
Rentals
on www.rightmove.co.uk
 
within 1 mile of the property
£450PCM
3 bedrooms | Flat
 

£475PCM
3 bedrooms | End of Terrace,  49 Chancery Lane, Retford, DN22 6EU

£900PCM 5 bedrooms | House,  London Road, Retford, DN22

==========================
 
This is available as a ready made deal for £8.55k fee, ((which was included in the price stated at the top)) 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.

Even with this fee it is still a NO MONEY DOWN DEAL !!!   the 2.5k reservation fee is recouped on exchange of contracts as a cashback!  this means you will own this property for none of your own money!! You will also be left with £27,750 of equity in the property!  it will then be your choice to sell on, or find a tenant.

Johnny Debt
07957 13 13 13

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Forums > Pinstriped Rhino - Business Related > Rhino Shed > Retford Notts, No money down, ready made deal



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