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Details about  Equity For Sale

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Equity For Sale
Equity-For-Sale
Item Ended
Item condition:
--not specified

PLEASE NOTE: Please ensure you read the full description. If you have any questions I am more than

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Ended:
01 Aug, 2014 14:33:03 BST
Winning bid:
£2.20
5 bids ]
Postage:
May not post to United States - Read item description or contact seller for postage options. | See details
Item location:
Redcar, United Kingdom

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Description

eBay item number:
321472294935
Seller assumes all responsibility for this listing.
Last updated on  25 Jul, 2014 14:41:31 BST  View all revisions
Seller notes: PLEASE NOTE: Please ensure you read the full description. If you have any questions I am more than happy to discuss them with you. 01642 913188 (office hours) You are bidding to win the option to purchase the property in 10 years at a price agreed today. (See description)Or to receive all proceeds from the sale of the property in ten years above the price agreed today

Do you want to become a property investor?

·         But haven’t got the funds,

·         the knowledge or

·         you have a bad credit rating.

Would you like to own the future equity in a property for a price agreed today?

YOU ARE BIDDING ON THE DEPOSIT FOR THE FOLLOWING DEAL

25 Cropton Close Redcar TS10 4HU

 

Current RICS value £80,000  Outstanding Mortgage £52,500


Payments for 10 years would be £333.  

Estimated Future Value in 120 months at 11% interest = £239,131    estimated profit £119,171

The property is sold after the agreed period of time in a time-scale of 0-6 months or longer if mutually agreed.

 All proceeds over the agreed amount go to the deal owner. Or the deal owner has the option to purchase the property for themselves at the agreed price.


Tenure: Freehold

I am selling the future equity in my house in Redcar. It is a nice 3 bedroom mid terraced property which serves me well as a buy to let at £105 per week.  

All bills are covered and the tenant is long term. The general condition of the property is good.
I make all repairs as quickly as I can and any of my tenants will vouch for my integrity as a landlord.

It is close to all amenities including the new hospital and would sell quickly as it is an excellent investment opportunity or as a first time buyer’s starter home.

PLEASE NOTE: You are bidding for the right to be first to arrange an agreement for this property.

The agreement will  consist of an agreed amount to be paid over 120 months. 

Please note that you cannot use the property and you won't own it unless you pay the agreed price needed to complete the deal in the agreed time.

You are buying the right to keep all proceeds above the agreed purchase price when the property is sold after the agreed time. Subject to you making the agreed payments.

The house faces onto a green area so the street view is of the rear of the property.

https://www.google.co.uk/maps/@54.596363,-1.075968,3a,75y,200.48h,91.78t/data=!3m4!1e1!3m2!1sJpzoI2KIzzhO-JF639lrRA!2e0!6m1!1e1

If you require any further assistance, please either e-mail me or call  (01642) 913188

 

I have another 21 properties available Please call and ask.

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