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Your capital is at risk and investments are not covered by the Financial Services Compensation Scheme (FSCS).

Buy-to-sell

Great Horton Road, Bradford

6 month Buy to Sell

£45,000 Raised
£45,000 Total
4 Investors
13% Projected Growth
0% Below Market Value
 

One bedroom FREEHOLD cottage situated in a popular location in Bradford.

This property has many attractive features including large windows, a separate fully fitted kitchen and a bathroom.

The property also has gas central heating.

Ground floor:  Lounge, kitchen fitted with base and wall units.

First floor:  Landing area with access to a good sized bedroom with window to the front, central heating radiator and storage.

The shower room has a window to the side and is fitted with a white suite comprising hand wash basin, shower and W/C.   The property benefits from proximity to many local amenities including 24 hour Tesco, schools, shops, and has excellent transport links.   The property is in need of modernisation:  new double glazing, kitchen, bathroom and redecoration in order to maximise the potential re-sale value.   The estimated timescale for the work is 6-8 weeks, with a good finish in preparation for sale.

“Why invest in Bradford?

1.      Great yields at an affordable value
2.      Investment in regeneration
3.      A thriving local economy
4.      A young, well-educated, and fast-growing population
5.      Transport development will put Bradford at the heart of the Northern    
         Powerhouse

Our research points to Bradford as providing exceptional property investment potential in 2018. There has already been a tremendous amount of investment in regeneration here, and this is continuing. Property prices are very affordable, and rental yields are attractive. Property prices could rise substantially in the coming years, as the benefits of High-Speed Rail filter through”.

Source: https://www.gladfish.com/property-investment-education/things-make-bradford-a-great-property-investm...

Purchase Costs
Purchase price £33,500 
Acquisition costs £8,244
Contingency fund £1,100
PTC listing fee (5%) £2,156
Total fundraise £45,000 

Acquisition Costs
Stamp duty £0 
Legal incl disbursements & VAT £1418 
Photography £150 
Surveyors £300 
Insurance £376
Renovation (See below 1) £6000
Total acquisition costs £8,244 

Projected Sale Proceeds
Sale price (See below 2) £55,000 
Cost of purchase (£45,000)
Agent’s commission (1.5%+VAT) (£990)
Accountancy fee (£500)
Corporation tax (See below 3.) (£1,617)
Projected net gain on sale £6,893 
15% profit share to PTC (£1,034)
Net profit to shareholders (£5,859)
Targeted net ROI  (6 months) 13%

6 months Projected net return on investment (ROI) –  13%

(1.) Renovation: new kitchen, bathroom, double glazed windows, painting, and new lighting.
(2.) Based on surveyor’s report
(3.) Corporation tax estimated at current rate of 19%

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