PROPERTY PACK Thornton Heath CR7
PROPERTY PACK Capital required: £7000 - on long term lease 3 years 4 bedroom property to rent £1,408 pcm (£325 pw) Thornton Heath CR7
INVESTMENT SUMMARY Property type: Location:
4 bedroom Detached property, Thornton Heath CR7 London
1st MONTH INCOME FROM TENANTS POSITIVE CASHFLOW - 1st MONTH
£ 4400 £ 225
2nd MONTH INCOME FROM TENANTS POSITIVE CASHFLOW - 2nd MONTH
£ 2200 £ 407
DUE DILIGENCE RESEARCH SINGLE LET RENTAL COMPARABLES 4 bed terraced £1,600 pcm 4 bed terraced £1,600pcm 4 bed terraced £1,800pcm
Melfort Road Grove Road Kilmartin Avenue
Conditions: excellent Conditions: excellent Conditions: excellent
TARGET TENANT MARKET & RENTAL RESEARCH Agent Barstow Eves, Heath haart, Thornton Heath Imperial Estate, Thornton Heath Townsend, Heath
Room Rent £515 - £560 £520 - £570 £545 - £585 £535 - £565
Comments "Should be able to achieve £550 per room in a good Thornton conditions." "Professionals area and good demand." "Demand is good for this type of property in this area." "Popular street as there are shops close by. Most Thornton likely will be Professionals area."
POSITIVES The property is situated close to Thornton Heath train station. Property boasts of four double bedrooms, two bathrooms and a massive open plan kitchen in newly build house situated on 1st floor with garden. This modern newly build house is luxurious with modern decor including spotlights, freshly painted walls, brand new laminated / carpeted flooring, double glazed windows, gas central heating. A big bonus : Private secured parking.
NEGATIVES The property does not have off road parking, but residents can park on the street with ease as there is no through rout.
LIST OF PHOTOGRAPHS ADDITIONAL INTERNAL / EXTERNAL SHOTS
LOCATION, AREA & ECONOMIC FACTORS LOCATION Thornton Heath is predominantly Victorian in both its residential and commercial sectors. There are a number of imposing, even grand, buildings surviving from this period. The nearest railway stations are Thornton Heath, Norbury, Norwood Junction and Selhurst. Croydon's Tram system is also just a short walk away, which links to places such as Wimbledon. Thornton Heath is a district of south London, England, in the London Borough of Croydon. It is situated 7.2 miles south-southeast of Charing Cross.
SUMMARY OF WORKS no needed - it has been previously redecorated TOTAL FLOOR PLAN Floor Plans available upon request
BREAKDOWN OF FIGURES COSTS - 1st month 6 weeks deposit @ 310 pw 1 month rent in advance agent fees tenants credit check bills investor’s 1% a month (£5000) 1st MONTH SET UP COST
£ 1860 £ 1343 £ 372 £ 150 £ 400 £ 50 £ 4175
CASHFLOW FORECAST - 1st month 4 weeks deposit @ 550 pw x 4 1 month rent in advance @ 550 pw x 4 1st MONTH INCOME FROM TENANTS POSITIVE CASHFLOW - 1st MONTH
£ 2200 £ 2200 £ 4400 £ 225
COSTS - 2nd month 1 month rent in advance bills investor’s 1% a month (£5000) 2nd MONTH RUNNING COST 1 month rent in advance @ 550 pw x 4
£ 1343 £ 400 £ 50 £ 1793 £ 2200
CASHFLOW FORECAST - 2nd month 2nd MONTH INCOME FROM TENANTS POSITIVE CASHFLOW - 2nd MONTH
£ 2200 £ 407
BREAKDOWN OF CAPITAL REQUIRED OPTION 1 £7000 for 24 months with 15% a year Return on investment Return on investment Paid in monthly instalments or quarterly instalments
£ 1050/ a year £ 2100/ in 2 years £87,50 £262,50
OPTION 2 £7000 for 36 months with 20% a year Return on investment = Return on investment = Paid in monthly instalments or quarterly instalments
£ 1400/ a year £ 4200/ in 3 years £116,60 £350
TO RESERVE THIS PROPERTY... For more information or to make a reservation, please contact us via MatchProperty1@gmail.com
TERMS & CONDITIONS TERMS & CONDITIONS The deposit payable to reserve the property is refundable in any case other than the investor pulling out up until the instruction of the solicitors and payment of the full fee. If the property falls through then we will endeavour to replace the property with another similar property. We recommend that the investor uses our solicitors to enable us to manage the rental property efficiently on behalf of the investor. The investor must sign a separate client care form to instruct the solicitors if using our solicitors. Rental comparables are based on rental price evidence. The refurbished valuation represents a tangible figure based on value added by the refurbishment works. If the agreed property is a House of Multiple Occupation (HMO) then the cost of the relevant HMO registration via the council (where applicable) will be included in amount required. Please note all councils/boroughs have different requirement. All descriptions, dimensions, areas, reference to condition, positives and negatives are provided for illustration purposes only and should not be relied on as statement of facts. We do not provide financial or tax advice under the regulations of the Financial Services Authority, and any statements referring to these subjects are to be considered opinion only. We recommend that you seek independent financial advice from regulated organisations in these fields before committing to any decisions. We do not provide legal advice under the Law Society regulations, and any statements referring to these subjects are to be considered opinion only. We recommend that you seek independent legal advice from regulated organisations in these fields before committing to any decisions. We will act as the management agent for the property. Legally the property is the our responsibility. We notify utility companies and pay for utility bills. We conduct extensive research and due diligence on each property to be as confident as possible on the rental income and rent-ability of each property. We recommend that our investors also conduct your own diligence before committing to work with us on JV basis. We endeavour to inspect the property on a 3 monthly basis subject to access.
MATCH PROPERTY Email: MatchProperty1@gmail.com Mobile: 07504 060961 http://matchproperty.weebly.com