Witch Road, Kilmarnock with £2,000 Cash Back

8/6/2019 Witch Road, Kilmarnock with £2,000 Cash Back

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£11,250 Instant Equity – 25% Discount - £2,000 Cash Back

1 Bed Apartment with £2,000 Cash Back

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

25% BMV Deal- £82,287 Gross Profit

Kilmarnock, KA3



Accommodation: Witch Road, Kilmarnock, KA3

Lounge, Kitchen, 1 Bedroom, Bathroom, £2,000 cash back

Structure of deal:

•Investor price £33,750

•Current rent £337 per month (£75 per week)•Monthly payments £112 (dependant on mortgage product)

•Investment required £3,995+vat

•Legals included

•Rental profit £225 per month

•Valuation £45,000 (plus £2,000 cash back on completion)

Financial details:

Investment required is £3,995+vat•Profit (gross) example = £82,287 (12 year illust.)

•Capital Growth (3%) = £64,159

•Rental Profit (gross) for term - £112x12x12 = £16,128

•Recommended & experienced solicitors used

•Reservation £1,000+vat

Financial Details

Gas CH from regularly maintained combi boiler. UPVC DG in good condition. Hallway - laminate

flooring, cream walls & woodwork, 2 storage cupboards. Slightly old-fashioned but all good cond.

Living room - laminate flooring, venetian blinds, cream papered walls, cream woodwork, fire

surround. All good condition. Kitchen - off living room, laminate flooring, white tiled splashbacks,

5 year old floor & wall units in timber effect with black surfaces, large walk-in cupboard. Bed -double, venetian blinds, quality carpet. Decor old-fashioned but good condition. Bathroom -

laminate flooring, tile effect wallpaper, white suite with disabled shower.



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Neighbourhood Profile

Often, many of the people who live in this sort of postcode will be old people, many living

n high-rise flats. These are known as type 53 in the ACORN classification and 0.91% of the

UK's population live in this type.

Neighbourhoods fitting this profile are found in Glasgow, Aberdeen, Inverclyde and

Dundee in Scotland, and in Newcastle upon Tyne, Liverpool, Nottingham, Manchester,

Sheffield and Wolverhampton in England.

This type of postcode contains large numbers of elderly people living in blocks of flats.

There are few children and young people. Almost 50% of residents are over 60, with very

high proportions of the over 75s. Most households are single person, particularly single

pensioners. These neighbourhoods have a very high population density because of the

ype of housing they contain. 75% of residents live in purpose built flats rented from the

ocal authority or housing associations. Many flats are in high-rise blocks. There are very

ow levels of owner occupation. Flats are small, mostly one or sometimes two bedrooms.

ncomes are low, mostly under £10,000 a year, with few savings. Car ownership is low.Most residents are dependent on public transport and walking to get around. People

enjoy bingo, racing and going to the pub. They tend to read newspapers such as the Daily

Mirror, The Sun and Daily Record.



Property – Training – Wealth Creation

1 Bed Apartment with £2,000 Cash Back

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

£11,250 Instant Equity – 25% Discount - £2,000 Cash Back

Profit Warning - £82,287 (gross)

Witch Road, Kilmarnock with £2,000 Cash Back

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Transcript of Witch Road, Kilmarnock with £2,000 Cash Back