Lease Option in Ammanford Valley for £287 cash flow!

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sold out

Lease Option in Ammanford Valley for £287 cash flow!

299.00

Secure this Lease Option Contract for £299

Lease Options are incredibly popular but hard to get hold of property investments. This contract allows you to take control of the property now and only actually buy it in 15 years. These work well if you have any issues getting mortgages, or lending. They also work very well for international investors and also just as well for any investor as they give a decent return off your capital invested.

In Brief

LO upfront Fee (£2000 to come off final purchase price): £‎4,500

LO Monthly fee: £‎174

Option Period - Duration of the mortgage : 15 years

Purchase Price (in 15 years): £‎93,000

Current Open Market Value: £‎75,000

Refurbishments estimated budget: £‎12,000

Cash Flow : £‎287

Source Fee £‎2,997

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The property 

Tairgwaith, Ammanford - South Wales

Tairgwaith is a small village in the Ammanford valley near Swansea. This is a lovely village which is easily commutable to Swansea, Neath and Port Talbot. This area is always a popular area to live in and properties rent well. This is a large 3 bedroom semi detached house which  requires modernisation. It could be rented as is with a lick of paint and carpets but in order to maximise rental income we recommend a stronger refurbishment.

The property was lived in with tenants with disabilities and has there for been left with a downstairs purpose built wet room. This could be left to support another tenant with disabilities, which could work for a good strategy as these are hard to come by.


LO Entry Costs

LO upfront Fee (£2000 to come off final purchase price): £‎4,500

LO Monthly fee: £‎174

Current Open Market Value: £‎75,000

Option Period: 15 years

Purchase Price (in 15 years): £‎93,000
-£2000 off LO fee = TOTAL: £‎ 91,000

Refurbishments: £‎12,000

Survey: £‎350

Source Fee: £‎2,997

Bills (2 months): £‎100

Legals: £‎800

Total Investor Costs: £‎20,921



Cash Flow Numbers

Rental income pcm: £‎575

Monthly option fee: £‎174

Letting Fees (9%): £‎57

MOE (9%): £‎ 57

CASH FLOW: £‎287

15 years income (if not rent increases): £‎51,660


Exit Strategy 1: If you sell the property & execute Option

Purchase Price (anytime within 15 years):£‎93,000

Expected Actual Value at next property high (Bricks and Mortar): £‎110,000

Fees (new buyer pays all fees): £‎ 0

Profit on Sale: £‎ 17,000

Total profit made over 15 years: £‎68,660


Exit Strategy 2: 15 year purchase (if you buy it yourself)


Purchase Price (in 15 years): £‎93,000

Expected Actual Value (Bricks and Mortar): £‎ 110,000

Deposit: £‎23,250

Stamp: £‎2,790

Legals: £‎1,200

Total Buyers Costs: £‎27,240


Cash Flow @ 5% (worst case) (based on £625 rental income in 15 years): £‎140

Cash Flow @ 4% (most likely) (based on £5625 rental income in 15 years): £‎212

Cash Flow @ 3% (best case) (based on £625 rental income in 15 years): £‎287


Guidelines towards achieving the desired outcome; in order for you to take full advantage of this process; the following helps:

  1. Pay deposit to Source My Property (SMP) to secure the deal (and this deal would be removed or marked as sold, from all our advertising/ marketing portals). Then, do your own due diligence.

  2. Provide certified photographic forms of identification e.g. driving license, passport etc.

  3. Utility bill; to confirm your residential address (i.e. recent or within the last 3 months).

  4. Proof of funds (POF) e.g. bank statements with sensitive information blacked-out, mortgage application in principle (AIP) from a broker/ financial institution; to cover the full purchase price.

  5. Broker/ financial institutions details (i.e. name; practice name; address; contact telephone number and email address) to act on your behalf in the financial transfer of funds when required to complete the purchase.

  6. When could you visit the property or properties? Ideally, within the first 7 days.

  7. Solicitor details (i.e. name; practice name; address; contact telephone number and email address) to act on your behalf in legal conveyancing.

SMP operates in trust with its potential investors. SMP is registered with the Property Ombudsman Group. SMP prides itself on delivering BMV deals with accuracy and confidence. The sourcing fee for this deal is £2997 which is paid on completion of the sale. A £299 deposit is required to secure the deal which is refundable if the investor decides not to proceed to an agreed sale with the vendor, ie after viewing. The deposit is not refundable if the investor pulls out of the purchase after sale agreed. 

SMP takes no responsibility if deals “fall through” for matters out of our control. It is always highlighted that property investment carries an element of risk and ultimately a deal may not be successful. There for deal owners are advised to carry out their own due diligence to confirm for themselves the findings SMP present. SMP has no control of the UK property market prices and investments can be lost or profit margins shortened with the fluctuating market