20,000 Equity - 221 cashflow 25% Discount

3 Bed Apartment - Stunning

Packaged Property Deals, Leaving you time for more important things.

174,797 Gross Profit

Hawick

Financial Details
Accommodation: Princes Street, Hawick, TD9
Hall, Lounge, Kitchen, 3 Bedroom, Bathroom, Good Condition

Structure of deal:
Investor price 60,000 Current rent 425 per month Monthly payments 199 Investment required 2,995 Legals included Rental profit 226 per month Valuation 80,000

Financial details:
Investment required is 2,995
Profit (gross) example - 174,797 Capital Growth - 120,175 Rental Profit (gross) for term - 54,621 Recommended & experienced solicitors used

Reservation 2,995

Executive Summary
Purchase 60,000 2011
% Increase

% Discount 25% 2013

7%

Initial Value - 2011 80,000

Montly Mortgage 199 2017

7%

Monthly Rent 425

PROFIT in 2023 120,175

Inc Rent 174,797 2023

7%

2012
7%

2014
7%

2015
7%

2016
7%

2018
7%

2019
7%

2020
7%

2021
7%

2022
7%

Future Value - Predicted 80,000 85,600 91,592 98,003 104,864 112,204 120,058 128,463 137,455 147,077 157,372 168,388 180,175

Rental CashFlow - Annual 2,712 2,902 3,105 3,322 3,555 3,804 4,070 4,355 4,660 4,986 5,335 5,708 6,108

Rental CashFlow Cumulative 2,712 5,614 8,719 12,041 15,596 19,400 23,470 27,825 32,484 37,470 42,805 48,513 54,621

The executive summary above has presumed a Retail Price Index (RPI) of 3% (gross) and capital growth at 7% over 12 years of ownership

Learn how to source your own at Property Sourcing 101 Link for the manual is below http://www.eventbrite.com/event/2193567018

The property can be let by our letting partners, Professional Letting if required

Accommodation
Three bed top floor flat in popular locale close to all amenities. Gas central heating and Double glazing throughout. Situated in a popular area of Hawick. The property is conveniently situated within walking distance of the town centre and all local amenities. Hawick is located in the Teviot Valley at the River Teviots confluence with Slitrig Water. The town is the largest settlement in the Scottish Borders benefitting from an excellent range of shops and services. The settlement prospered following the Industrial Revolution and much of the towns conservation area, including Wilton Hill, is characterised by the heritage of its era as a prosperous mill town. The town benefits from a wide selection of recreational facilities including a range of sporting clubs, Teviotdale Swimming Pool and Leisure centre, a golf course, bingo hall and flat race course. There are also a good number of bars and restaurants within the town. The town is world renowned for it's knitwear, woollens and sheepskins. Hawick is popular with tourists and boasts its own museum. Hawick lies 14 miles west of Jedburgh and approximately 50 miles south of Edinburgh.
Gardens: Fully lawned communal rear garden. Outbuilding in the rear garden which is used for storage.

Living room: Great sized living area with cream painted walls and laminate floor coverings. Feature fireplace with modern electric fire and wooden surround. Window to the front. Georgian door leading to the kitchen area.
Kitchen: Good sized kitchen with wooden wall and base units and brown work surfaces. Integrated hob and double oven. White sink and drainer. Tiled splashbacks and cream painted walls. Ceramic floor tiles. Good sized storage cupboard off. Bedroom 1: Good sized double with cream painted walls. Window to the front.

Bedroom 2: Good sized double room with cream painted walls and green carpets. Rear facing window. good sized storage cupboard off with shelf and hanging space.
Bedroom 3: Good sized single room with cream painted walls and new brown carpets. Front facing window. Bathroom: Good sized family bathroom with 3 piece cream suite and power shower. Shower screen over bath. Biege painted walls and tiled around the bath area. Blue carpets and rear facing window.

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Sales Comparable

Rental Comparable

Neighbourhood Profile
Often, many of the people who live in this sort of postcode will be low income singles living in small rented flats. These are known as type 22 in the ACORN classification and 1.38% of the UK's population live in this type. Geographically neighbourhoods fitting this profile occur in various locations including Canterbury, seaside towns such as Torquay and Blackpool, and Scottish towns such as Dundee, Galashiels, and Paisley. These neighbourhoods are largely composed of single people, both young and old. Around 20% of the people in these areas are in their 20s, but 10% are over 75. Both are well above the national average. The dominant characteristic is the single person renting small flats. There may also be some communal establishments such as nursing homes. Incomes are quite low. People have average educational qualifications. Their relatively routine jobs are in shops and offices, and there is some unemployment. With the elderly contributing to higher than average numbers of people with long term illnesses, these areas are beginning to experience some need for social services. While the younger people aspire to gold cards, interactive TV and telephone banking, the reality is they have low limits on their credit cards, plan to pay off debts, and possibly need a loan. Their spending on food is low, and catalogue shopping helps them economise. Few people own a car, with those who do paying high insurance premiums. Most get about on foot, by bike, or public transport. The pub is a relatively popular place for eating, either at lunch-time or in the evening. Leisure interests tend to be football and betting on the horses. At home they might unwind by listening to music or reading a novel. There is a keen interest in selfimprovement and education.

Property Training Wealth Creation

3 Bedroom Apartment
Packaged Property Deals, Leaving you time for more important things.

20,000 Equity - 221 cashflow 25% Discount

Profit Warning - 174,797 (gross)