Latest Valuation
£105,000
ROCE
%
Location
Weston-super-Mare

Quick Sale – 19% BMV 1 Bed Flat with 3 Healthy Strategies

There are 3 excellent strategies for this property that you can benefit from.
Guide Price
£85,000

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Key Features

  • 19% BMV
  • Prime location - 2/3 mins away from Weston-super-Mare beach
  • Close to local amenities

The Property

Sourced are proud to present this quick sale - 19% BMV 1 bed flat with 3 healthy strategies.

1 bed room flat

Leasehold 900 years
Kitchen
Living room
Bedroom
Bathroom
Shared garden

Selling Office: Manchester Central

Planning Information

N/A

The Plan

19% below market value, these deals don't come around often.

Vendor looking for a quick sale, preferably cash deal.

Below are a few potential strategies for this property:

1: Purchase & flip straight away for a healthy profit.
2: Add to portfolio, current tenancy agreement runs until may 2021 at £550 pcm. Rentals in area are now between £575pm & £600 pcm.
3: Cash purchase/bridging loan, then refinance on a buy to let mortgage against current market value of £105k.

The Financials:

Purchase price: £85,000
Current value: £105,000
Sourcing fee: £4,000
BMV: 19%

The Location

Great location located on the coast. The flat is a 2/3 mins walk away from the beach.

All local amenities close by, this property is in the perfect location.

Average estimated value for a house in BS23 1BL

£

This deal will sell quickly!

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