Maisonette In Bristol – Only £120k

Location: Bristol

Property Type: Maisonette (2 Bed)

Purchase Price: £120,000

Rental Income: £1,000pcm (predicted)

Tenure: Leasehold

Status: Empty

Strategy: Buy To Let/Buy To Flip

This cheap leasehold flat in Bristol comes with a significant discount of gross valuations above £140,000 and offers are considered below £120k for serious cash only buyers.

The leasehold on the property is the sticking factor. Only 52 years remaining it will cost £21,000 to extend… But… Factored into a discounted purchase price you could be getting a bargain with a chance to rent between £900-£1,100pcm or flip at something nearer the market rate asking price as much as £150k.

No service charge, ground rent just £85 per annum, should you purchase even at £115k and pay the £21k lease extension for a total cost of £136,000… You can immediately let out with predicted £12,000 annual income or 8.8% per year. Optionally, with a lengthy lease the property will be more attractive to buyers in and around £150k.

For a free PDF information pack on this deal enter your details below and we’ll send to your inbox direct:

Register Now Buy To Let

Or call 0115 985 3960 to discuss this deal in person.

For full details join our Diamond Members Club where you can instantly download the information pack to this property and more. Already a member? Log in here. Join today from just £29.99pcm or £299.99 per annum.

Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.

This website uses all reasonable efforts to ensure that the property information published on the website and in the investment packs and elsewhere are accurate, current and complete at the date of publication; no warranties or representations are made or implied as to the accuracy of such information.