Wealth Dragons Investments — The Complete Solution for Buying Properties at Below Market Value

All property deals are on a “first come, first served” basis. Once you’ve registered your interest for a particular deal, you’ll be put on its waiting list . We will contact the first investor via the phone to collect the upfront payment. If we fail to contact the investor within 30 minutes, or if the investor fails the mortgage Decision in Principle, we will move on to the next person on the list.

PROPERTY DEAL:

GONE - Dudley, West Midlands DY2-9
3-BED PERIOD MID TERRACE, GOOD CONDITION IN
VERY LETTABLE AREA
Option to Purchase for £80,000 within 5 Years NO MORTGAGE NEEDED

£3000 + VAT for the Deal Exc. Legals

PROPERTY VALUE	£80000
INSTANT EQUITY*	£0
MARKET RENT	£500
MORTGAGE INTEREST	£460

PROPERTY DETAILS

PROPERTY

Positives:

3-Beds Very Spacious
Modern Kitchen
Generally in Very Good Condition
Double Glazed
Gas Central Heating
Front and Rear Gardens
Downstairs Cloakroom
Property Valued in 2009 by RICS at £85,000
Option to Purchase for £80,000 within 5 Years, with Flexibilty to Extend Option Period thereby Guaranteed minimum 25% BMV
Good Lettable Location
Potential Rental Cash Flow of £342pcm on HMO Basis
Close to All Amenities
Freehold

Negatives:

On Street Parking
Bathroom may need updating
Seller's Mortgage Payment is £460pcm
Market Rent for whole property is £500pcm
Could rent rooms out separately to maximise Rental Cash Flow, bringing potential £342pcm.

NEARBY STATIONS

Cradley Heath (1.7 miles)

Old Hill (1.9 miles)

Rowley Regis (2.4 miles)

REASON FOR SELLING

Seller now lives in London and no longer wishes to be a Landlord.

Please note: * If you wish to proceed with this deal, a deposit of £500 is required. The outstanding £2500 + VAT is payable upon formally instructing solicitors. Should the deal fall through due to the seller's fault, the deposit will be refundable minus the administration cost of £150. However, if it is through the fault of the buyer then the deposit is non-refundable.

** The Rental Cash Flow is calculated based on 2 x Double Rooms Let at £65pw and 1 x Single Room let at £55pw.

To register your interest for this deal, please call 01908 698879 or log on via www.networkpropertyinvestment.co.uk and go to the Ready Made Deal section where you will find the details for this deal. Then click the “register your interest” button on the deal profile.

All property deals are on a "first come, first served" basis. Once you've registered your interest for a particular deal, you’ll be put on its waiting list . We will contact the first investor via the phone to collect the deposit. If we fail to contact the investor within 30 minutes, or if the investor fails the mortgage Decision in Principle, we will move on to the next person on the list.