7 Year Lease Option Deal – Durham - £45,000 Profit

2 Bed Mid Terrace

Packaged Property Deals, “Leaving you time for more important things.”
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Property Details Pine Street, Stanley, Co. Durham, DH9

Accommodation comprises of:

Hall, Lounge, Kitchen, 2 Bedrooms, Bathroom.

Structure of deal:
 Market value £55,000
 Investor price £55,000
 Estimated rent £350-£375 per month (single let)
 Mortgage payments £217
 7 Year Lease Option available
 Investment required - £3,995+vat
 Legals included

Financial details:
Investment required for lease option is £3,995+vat

 Rental cashflow (as standard property £133 per month)

 With tenant buyer, cashflow rises to £350 per month
 Split household (multi-let with 2) rises £250 per month
 Return on investment in 18 months
 No mortgage required
 No credit checks required
 No applications
 Recommended & experienced solicitors used
 Profit (after 18 months) £4,200 per annum for 7 years = £23,100 + capital growth
 Profit during life of lease option £45,490 (minus tax and disbursements)
 Reservation fee: £1,000+vat (included)
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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 Balance of fees in Escrow until completion

Photos

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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Neighbourhood Profile

Often, many of the people who live in this sort of postcode will be older people living in rented
terraces. These are known as type 43 in the ACORN classification and 1.89% of the UK's
population live in this type.

Neighbourhoods fitting this profile are found predominantly in northern English towns such as
Oldham, Salford, Liverpool, Huddersfield and Gateshead, as well as in Belfast and some towns
in the south including Basildon.

This type of postcode has a high proportion of older people, particularly those over 75, living in
rented terraced housing. There are fewer families with young children in these
neighbourhoods, although there are some single parents. Single person households are most
common and many are pensioners.

Most residents live in small terraced houses, with only two or three bedrooms. Some live in
flats, mostly low rise purpose built. There is a higher proportion of residents renting compared
to the UK as a whole. Many rent from private landlords but local authority and housing
association property is also important. There is a high level of re-mortgaging among those who
are buying their properties.

Those in work tend to be shopworkers or are employed in manual and factory jobs. However,
unemployment is 40% above the national average and long term illness 60% higher than the
UK as a whole.

Car ownership is low and public transport; cycling and walking tend to be the main modes of
travel.

Incomes are low and there is little scope for savings and investments. Take up of credit cards is
low, but some find it hard to manage and levels of debt are above average relative to income.

Leisure interests include angling, racing, bingo, watching cable TV, listening to music and going
to the pub. Popular newspapers are the Daily Mirror, Daily Star, Daily Sport and The Sun.
Rental Comparables
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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Sales Comparables

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.