1. Property Deal Specification
Location:
Lochend Rd, Easterhouse G34
Description:
Great opportunity to own this dis- counted 2 bedroom flat in the strong rental area of Easterhouse.
The property has been freshly refur- bished: new bathroom, kitchen, double glazing, decor and combi boiler. This is a perfect buy-to-let investment due to the high rental yield and anticipated monthly cash-flow. Currently tenanted with working tenant at £400 pcm.

2. Key Points Market appraisal £47,000 Investor price £37,600 Discount
£9,400 (20% BMV)
Instant equity
£10,600
Rent
£400 (working tenant / unfurnished)
Positive cash flow
£206.25
Gross yield
12.7%

3. Purchase Costs Survey Details
Deposit (on 75% LTV)
£9,400
Sourcing fee (due upon completion)
N/A as this property is being sold by my company
Solicitor fees
Approx £700
Reservation fee
£500
Mortgage fees (depending on product/broker)
TBA
Cash Flow Illustration
75% LTV
£28,200
Monthly mortgage (int 4.5%)
£105.75
Rent appraisal
£400 pcm
Gross monthly cash flow £400 pcm)
£294.25
Net monthly cash flow
(less mgmt £60, factor & insurance £28)
£206.25
Gross rental yield
12.7%
Property Location
Survey Details
Surveyed?
Yes – mortgage valuation
Surveyed by
Speirs Gumley
Date
April 2012
Value
£47,000
Click to see approximate map location

4. Property Spec Type Ex-local authority flat Entry
Secure close door entry system
Construction
Standard
Roof
Pitched
Bedrooms 2
Tenanted
Yes, working tenant paying £400 pcm on unfurnished basis
Heating
Gas central heating (new boiler fitted)
Windows
Double glazed throughout
Notes
Balcony, nice close, tidy back yard
Amenities
Bus stop across road, nearby primary school, high school and nursery school

5. Interested in this deal?
Rental Comparables
2 bedroom flat to rent
£395pcm
Dunphail Drive, Glasgow, G34
£425pcm
Balcurvie Road, Glasgow, G34
Sales Comparables
2 bedroom apartment for sale Fixed Price £50,000
53 Balcurvie Road
2 bedroom flat for sale Offers in Region of £43,999
Balcurvie Road, Glasgow, G34
Disclaimer
Mortgages are subject to status, product availability will vary at time of completion. Always consult a financial advisor. Please note that information in this report do not constitute regulated financial advice, which recommends a course of action based upon the specifics of your personal circumstances.
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