49 Aird Avenue, Auchinleck, KA18 2JS – 30miles SW of Glasgow

2 bed end Terraced House

Rental Yield 10.3% - 25% Discount – Monthly Cashflow - £243
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Property Details

Accommodation compromises of:

Ground floor:- Hall, Lounge, Kitchen
First Floor:- Bedroom 1, Bedroom 2 and Family Bathroom

Structure of deal:

 Market value £70,000

 Investor price £52,500
 Discount from market value 25%
 Purchase price on contract will be full Market Value price
 Estimated rent £450 pm
 Rental yield of 10.3%
 75% LTV Mortgage available subject to status
 25% deposit provided through bridging facility
 Investor to use recommended solicitor
 Lettings and management service available

Financial details:
Based on BM Solutions 75% LTV 4.60% interest rate. 2 year tracker

 Loan amount of £54,075 (including 3.0% arrangement fee)

 Monthly payments based on 4.60% interest rate of £207 pm
 Rental income of £450 pm
 Cash positive rental income of £243 pm

MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a
general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the
sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service,
appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these
particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to
this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred
including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.
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MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a
general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the
sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service,
appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these
particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to
this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred
including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.
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Information Sheet
Number of Bedrooms 2 Bed

Property Age

Type of Property i.e. Terrace/Semi-Detached/Flat End Terrace

If Flat – How many floors does the building have?

Are there any commercial units below? If Yes what

type? Office, fast food, general shop?

Type of Construction

Freehold or Leasehold

Length Remaining on Lease

Factors (Name and how much)

What type of heating does the property have? Gas Gas Central Heating
Central Heating or Electric Storage

If GCH - is this through a Combi Boiler or back boiler? Combi

Approx age of bolier?

Does the property have Double Glazing? D/G UPVC

Are they uPVC/Aluminium/Wooden?

Approx age of Double Glazing & Condition?

How long has the owner owned the property? Executory

Has the property had any extensions or alterations i.e.

Loft room

Do the alterations have/need Planning Permission or

Building Regs Certificate?

Is there Parking? Yes Driveway with Garage

Garage/ On or Off Street?

Is the Property currently Owner Occupier? NO

Does / Can the seller Complete in 6 weeks? Yes

Agent Involved or Direct with Vendor? Direct

Is the property currently being marketed elsewhere i.e. No

Rightmove etc

Is there a HIPS in place?

Do you have a copy of the EPC?

Property Condition Report

MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a
general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the
sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service,
appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these
particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to
this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred
including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.
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Area

Property Exterior

Gardens Good

Windows & Doors Good

Roof / Gutter

Hallway (communal entranceways)

Patterned Carpet and patterned wallpaper but clean

Living Room
and tidy

Dining Room

Stairs & Landing Patterned Carpet, patterned wallpaper

Kitchen Good – white shaker units

Kitchen - What is included in the sale? i.e. Oven/hob/extractor? Oven Hobb Fridge freezer and Washing machine

Green carpet white silver wallpaper with cupboard,

Bedroom 1
carpet could do with clean

Bedroom 2 Cream wallpaper grey cream patterned carpet

Bedroom 3

Main Bathroom Cream shell type sanitary wares – tidy and clean

Other

Approximate total cost of works?

Can the work be carried out prior to completion?

Additional Comments

MISREPRESENTATION ACT 1967 NOTICE: The company work for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particulars as a
general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of the
sourcing company or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service,
appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these
particulars. 5) The Vendors and Lessors do not make or give and neither the sourcing company nor any persons in their employment has any authority to make or give any representation or warranty whatsoever in relations to
this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or other expenditure incurred
including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.