Freephone: 0800 043 6956 Email: info@freshinvest.co.uk
Fresh Invest
Secure strong discounts at off-plan prices and get a tenant in place for completion Barnaby Chamberlain Investment Advisor
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In detail
The Opportunity
Fresh Invest are pleased to offer investors the opportunity to purchase just 4 x 2 bed maisonettes in the town of Newark in the East Midlands.
The maisonettes are significantly below market value and represent an opportunity for the investor to benefit from the strong rental demand on site and also the discounts available. The units are due for build completion in July/August 2012 giving investors the chance to secure a discount off of todays prices and plenty of time to find a tenant for completion.
Financial Example
2 bed maisonette 795 sq ft - £86,995
- Deposit needed - £26,098.5
- Rent - £525 pcm
- Mortgage - £60,896.5
- Mortgage Payments - £192.33 pcm
- Mortgage – Northern Rock 70% LTV fixed at 3.79%
- Positive Cash flow - £332.67 pcm (£3,992 per year)
*Please seek clarification
The Development
The development is set amongst 62 acres of woodland as well as local tennis courts and football pitches, which is attractive to tenants. As a new build development from a large developer, all houses will come complete with a 10 year NHBC warranty. These will be an easy let to any tenant and local letting agents assure us of the strong demand in the local market at present.
The Location
The development is ideally located for commuters to either the north or south with the nearest junction of the A1 just half a mile away. The development is in very close proximity to local schools, supermarkets are also only a short drive away. Lincoln city centre is only 18 miles away by road and Nottingham 23 miles.
The Next Step
Request the brochure from us which details available apartments, floor plans, pictures and the exact location.
Once you have decided upon your chosen unit contact us and we will take you through the quick and easy reservation process.