Property description

Pegasus are pleased to present this property on an Option to Purchase basis

Description / Area
•2 Bedrooms Semi Detached Property
•Previously Tenanted at £450 Per Month
•Rent equivalent at £5,400 Per Year
•Strong Rental Demand
•Driveway for 2/3 Cars
•Lounge, Kitchen - Dining, 2 Bedrooms, Bathroom
•Garden Fronted - Back Garden
•Close to Local Amenities
•Close to Transport Links
•12 Years Purchase Option Period

Purchase Option
Approx Mortgage Outstanding £76,300
Expected Annual Income £5,400
Monthly Mortgage Payment £163
Annual Cash Flow £3,444
Gross Yield 36%

How does this work?
(Buyer )
-You have the right to the rental income for the duration of the Term
-You manage the Property as a Buy to let investor
-Your Name is registered at Land Registry
-All rental income will belong to You
-Option for period of Loan term outstanding
-You can assign the agreement at any time
-You agree to pay the monthly mortgage amount to the owner in order for them to pay the lender
-You insure and maintain the property exactly you would your own
-Any equity uplift will be Yours once the outstanding loan is repaid
-You can complete the Purchase at any time by Paying of the Mortgage off
-You can sell at any time and benefit from any proceeds over the Mortgage Amount
-You do Not take on the existing Mortgage
-No Credit Checks

(The Seller)
-Cannot mortgage, remortgage or put a charge on the property
-Cannot collect the Rental Income
-Will enter in to a power of attorney in your name so you have control over the Property

Please enquire for full details.

Property Features :

• Semi Detached
• 2 Bedrooms
• Gardens to front, side and rear