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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
Ended:
21 Aug, 2014 17:12:39 BST
Winning bid:
£2.60
6 bids ]
Postage:
Free collection in person | See details
Item location:
Hartlepool, Cleveland, United Kingdom

Description

eBay item number:
321491881479
Seller assumes all responsibility for this listing.

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

65 Duke Street , Hartlepool   TS26 8PU

 

Current RICS value £60,000  Outstanding Mortgage £51,000

Future value at 11% interest = £179349    

Future value at 8% interest = £133178      

Future value at 5% interest = £98821        

 

The agreement is 120 payments to be made of £250 for all future equity over £60,000

The property is sold after 120 months in a time-scale of 0-6 months or longer if mutually agreed.

 All proceeds over the agreed amount go to the deal owner.


Tenure: Freehold

I am selling the future equity in my house in Hartlepool. It is a nice 2 bedroom end terraced property which serves me well as a buy to let at £95 per week.  All bills are covered and the tenant is long term. It will shortly have a new boiler installed and 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 and would sell quickly as it is an excellent investment opportunity or as a first time buyer’s starter home.

I'm prepared to accept a deposit of the highest bid above £100 and 120 monthly payments of the agreed amount. 

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 120 months’ time.

You are buying the right to keep all proceeds above the agreed purchase price when the property is sold in 120 months’ time.

Streetmap:  https://www.google.co.uk/maps/@54.688099,-1.226803,3a,90y,90h,75.43t/data=!3m4!1e1!3m2!1sWwx-g74rsFfZHnPiTIhngw!2e0


If you require any further assistance, please call  (01642) 913188

 

I have another 21 properties available Please call and ask.

Questions and answers about this item

Q: hi so after paying 30k over next 10 years what would you be expecting to receive as the final sale price and in the mean time who gets the rent steve
A: Hi glenholme4, property and rent is mine. I paid £27000 for it in 2003 it peaked at £85000 in 2007/8 and is worth £60,000 now. Based on the above performance the value could peak at £188,000 with a ten year value of... Continue reading
19 Aug, 2014




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