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Property Listing Details

Features

  • 1 bedroom
  • Investment Opportunity offering guaranteed 8% net rental income per year with no stamp duty payable!
  • Full managed 'armchair' investment
  • No Stamp duty for investors
  • High Specification
  • Self contained apartments
  • 5 years guaranteed rent
  • 120% developer buy back
  • Fantastic location

Description

On offer here is a proven and successful property investment model that is currently extremely popular with investors!

How does this investment work?

Firstly you choose your unit and complete the reservation forms and fee (£5,000)
Then it goes to your solicitor to arrange the exchange of legal contracts where you will make your exchange payment.
From then until the time your property is ready (December 2018) you will gain interest on your deposit at 5 or 7% depending on the amount you`ve exchanged with, the interest will be deducted from the final balance due.
Upon completion you transfer the final funds and the property is your, please note this is a cash buy property for investment purposes.

How do I get my rent?

Your rent is guaranteed from the date you complete on your sale at 8% of the purchase price per year. For 5 years from this date you will get that rental return as a minimum paid into your bank, regardless of tenancy.

Your rent is net of any expenses including management fees, ground rent and service charge and is pure profit.

This will be guaranteed in your legal contracts.

What are my exit options?

The developer offers a guaranteed buy back and will purchase your property back from you at 120% of the price you paid in year 5 if you wish.
You are also free to sell whenever you like, to whomever you like at any price you like - no one will dictate this for you however please bear in mind this is a student property. If you purchase the property through us, we offer a free of charge resale process for you so if you did need to sell, you don't need to worry about agency fees.

Specifications

Prices from only £57,500.
8% net return after all expenses guaranteed each year for 5 years.
5% or 7% interest paid on all deposits.
Fully furnished included in the price
On-site facilities
120% Buy back
No stamp duty payable!
Completion December 2019

Floorplan

No floorplan available

Contact the agent

Map

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Castlehead High School 0.2 miles
  • Spark of Genius Paisley School Care Accommodation Service 0.5 miles
  • Paisley Canal 0.2 miles
  • Paisley Gilmour Street 0.6 miles

Price history

Sold prices provided by Land Registry
16th May 2018 £60,000 First listed

Running costs

Mortgage calculator

£ per month

How much could I borrow?

In association with

These results are not provided by RBS and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Recent sales nearby

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Property descriptions and related information displayed on this page are marketing materials provided by Property and Invest. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Property and Invest for full details and further information.