AG1 apartments are contemporary design 2 bed/ 1 bed and studio apartments. All apartments have "Juliet" style balconette, some have accessible balconies with stainless steel hand rails and posts.
The universities and central train stations are just a short walk away and with there being just 8 apartments are on offer to our investors these will be sure to let quickly.
With price starting from £67,200 for city centre living the resale should also be fantastic on these units in years to come.
There are also two exclusive penthouses available from £139,300 with parking available at an extraordinarily low price at £11,000 which for city centre parking, is unheard of!
Worked Example 1: (uses less cash)
1-bed Valuation: £115,000
Investor price: £80,500
Arrangement fee for bridging loan of £28,750 = £250
Legal fee to set up bridge = £176.25
One months interest on loan = £192
Assetz finders fee = £1,995 + VAT
Broker fee = £1,000
Standard legal fees for purchase = £500
Total = £4,462
At a rate of 5.69% 3 year fixed, (available as of today) it may be possible to apply for a further advance after the first month, in order to pull out an additional 5% equity to recover the majority of the above costs.
The cost to purchase would then be -£1,288
Please call one of our sales negotiaters to discuss the investment further or an Assetz mortgage broker to discuss the financing options.
Rare fully-furnished, new-build houses, South Manchester. Perfect for high-yield student or professional rents. Only 9 available. Reduced from £260,000.
Pricing
Assetz purchase price: £199,995
These contemporary town-houses are situated in Greater Manchester M14 7WH, just south of the city centre. NHBC guarantee.
Well-appointed and with a fully-inclusive furniture package, these turnkey properties are an ideal venture for the discerning investor. Future garage to bedroom conversion possible for just £2,500.
Property Summary
4 double bedrooms
3 bathrooms (4th bedroom has WC and sink)
Integral garage - potential to be 5th bedroom
3 storeys with juliet balconies
Carpets and laminates included
Furniture pack available
Garden and patio
UPVC double-glazed
Anticipated income c. £15,000 p/a
Yield c. 7.5% - 9%
Exclusive incentives and discounts available on amazing brand new 3 bedroom detached houses in Stockport. Our featured property also includes flooring, curtains, lighting, fridge freezer and washer dryer. With a 10 year NHBC guarantee, this is a wonderful family home with easy access to motorways, Manchester Airport, schools and amenities
High quality fixtures and fittings are all included in the price. Superior quality kitchen units and state-of-the-art appliances come as standard, as do bathrooms and en-suites featuring top quality, pure white sanitary ware, wall tiling and contemporary lighting.
Exclusive incentives and discounts available on three bed houses with parking from only £135,000. This established residential area just a 15 minute stroll from Manchester city centre. High quality build and specification from an established homebuilder with excellent local transport links, shops and leisure amenities.
Great Location- Value for money homes on the edge of the city
Just a 15 minute stroll from Manchester City Centre
Excellent local transport network
Close to local shops and leisure amenitiesGreat Specification with amazing quality fixtures and fittings which are all included in the price. Superior quality kitchen units and state-of-the-art appliances come as standard, as do bathrooms and en-suites featuring top quality, pure white sanitary ware, wall tiling and contemporary lighting. The result is a beautifully finished home, where you know superior specification simply comes as standard
Exclusive incentives and discounts available including our Shared Equity scheme. 2-bed apartments with secure parking from £93,750 (75% shared ownership). On the fringe of the city centre, these 2-bed apartments are ideal for professionals looking to get their foot on the property ladder. Located within walking distance of Castlefield and Deansgate, these apartments are ideally situated for both commuting, shopping and going out in possibly the most happening city in the country!
Pay less by living just on the fringe of the city centre!
Take advantage of our shared ownership scheme
Excellent local transport links, shops and leisure amenities
Quality build and specification from an established homebuilder
Completing January 2009
Go to our seminars & exhibitions page to register for one of our FREE hotel training sessions.
Pre-release
Fully managed, SIPP-friendly, Buy-to-let Budget-Boutique Hotel investment in Preston City Centre with pre-release prices from just £69,995 and Guaranteed NET yields of 8% p/a for 3 years , including 8% payable upon your exchange deposit.
Room rentals from around £40 - £55 per night combined with the contemporary designer interior make this hotel highly desirable and is the basis of the healthy yields.
Own a Budget-Boutique Hotel-Room at a low price and a high yield !
The hotel is located ideally in the heart of the city centre, just off Winkley Square and near to top restaurants and Marks & Spencers, and just a 5 minute walk from the main train station. Working with the most innovative of architects, the developer has established an exemplary way of capitalising upon space whilst keeping the build cost down for the investor. The unique exterior appearance of the of the hotel will compliment its internal layout and luxurious finish. The hotel is pitching between the lower quality out of town hotels and the nearby and expensive Holiday Inn by delivering contemporary style in the best located hotel site in the City.
Turnkey investment package that is fully hands-off
Scheme to be managed by a highly experienced, branded operator
8% NET rental guarantee p/a for the first three years
Indication of possible net yields of up to 10%+ within a few years
Prices from: Small £69,995 + Vat, Standard £88,995 + Vat
Shortage of accommodation - Currently only 3 hotels in Preston city centre
Can be directly purchased with your pension (SIPP)
Pension purchase would receive up to 66% income tax rebate / contribution from the government (please seek your own advice for your own circumstances)
Preston is undergoing a £700 million city centre regeneration programme
No ongoing maintenance or refurbishment costs - Absorbed by management company
Fully-furnished to a high standard
Prime location close to restaurants and bars
5 Minutes walk from Preston train station
Completion 12 months time Register your interest below to receive further information.
In the heart of Preston, these spacious apartments are designed in an extraordinary way to give you a bigger property at the same price as your average apartment! Perfect for owner occupancy, these incredible homes are uniquely priced in an increasingly cosmopolitan city, undergoing multi-million pound redevelopment. Duplex 2 bedroom apartments are available, as well as large studios and 1 bed properties.
More for your money
Working with the most innovative of architects, we have established a unique way of capitalising on space whilst keeping the costs down to the buyer. By reducing the landlord space with its exclusive duplex design, wasted areas which are normally paid for by you, the buyer, can be incorporated into the plans of your own home.
The sexy and contemporary interiors can therefore be customised to your tastes. Large furniture you have had to previously squeeze into tiny spaces, can fit comfortably in your new and roomy home.
What about price?
Valued at todays market price, these contemporary, city centre properties start at a phenomenal £104,000 for a one bed, and £145,000 for two! We would like to invite you to examine other city centre properties, with the same specification at the same square footage to see if you can find anything that can compare. It cannot be found!
For first time buyers looking to jump on the property ladder, today is an excellent market in which to buy. With prices at todays rates, the only direction they can go is up!
If looking to let, you can expect your property to rent at exclusive city centre rates. Based on todays rates, your one bedroom apartment here will rent at £550pcm whilst your 2 bedroom will rent at £675pcm. With growth set to be incredible in Preston over the construction period, you could make an excellent return.
Working with Assetz finance, we can also establish an excellent investment package for this unique product.
A vibrant opportunity in a thriving city
Currently undergoing a multi-million pound regeneration, Preston is an ideal city for investment. With a bustling centre, cultural heritage and increasingly exclusive young professional lifestyle, city centre living has never been so good.
Access to other parts of the country is easy via the M6 or the famous train station, just 5 minutes walk from the development.
Currently lacking in good quality city centre homes, demand for this type of property is extremely high in Preston. Looking at previous cities such as Manchester, Liverpool and Leeds, we have seen a huge growth in city centre buyers as young professionals look to take advantage of work and pleasure within walking distance of their front door.
The exclusivity of these unique apartments at the excellent price can only mean a huge amount of interest. To discuss this opportunity further please give us a call.
[ ** Homeowners - Are you looking to sell and rent-back your house to stop repossession ? Enquire here for a quick sale to one of our investors! ** ]
Assetz for Investors specialises in sourcing carefully researched and selected high income and high discount below-market-value (BMV) Distressed And Auction / Repossession properties for our clients.
This is a hands-off service for our professional clients where we carry out all the sourcing, vetting and purchase process including and refurbishment works required. Just register here to join the mailing list for the next available distressed sale properties, pre-vetted for quality and letting income and in many cases, pre-tenanted.
Pre-Repossession, Sale and Rent-back and Pre-Auction property are now available from Assetz at substantial discounts to market value/ original land-registry sales price. These are houses and apartments across the whole of the UK. Typical discount to current market value is 20-30% and due to them being older than 6 months to 12 months old, mortgage finance is easy to obtain compared to new-build, and also at lower mortgage rates.
We have spent the last few months building up a reliable supply of high quality and carefully selected distressed property sales for our clients that offer excellent discounts, free equity, simpler mortgages than new build and high yields meaning in many cases these properties are cash neutral or cash positive in year one.
All properties that Assetz sources are selected by ourselves with a complete buyers pack including original land registry price, current valuation, agreed purchase price available to the investor, list of works required following our site visit, any works required carried out by Assetz refurbishment team, letting agent appointed and in many cases properties are already tenanted.
Our properties offer Below Market Value (BMV) prices - typically between 20% - 30% BMV.
We offer a guaranteed mortgage valuation and guaranteed mortgage finance.
Assetz progresses the entire transaction for you including the offer, finance, legals etc.
Some properties even come with a rent guarantee, if not already tenanted.
Our distressed vendors may be: Private vendors experiencing financial hardship
Private vendors in a chain,emigrating,separating
Distressed developers looking for a quick but confidential sale - forced by their bank
Pre-auction repossessed property
Property on pre repossession order lists (prior to final court order)
Sale and rent-back property investment opportunities where the distressed homeowner wants to rent back the property (perfect tenants!)
All of the above will typically provide a 20% to 30% discount to current market value
Typical sale and rent-back example:
Discount: 23% Sale & rent-back
Property: 2-bed semi-detached house
Location: Greater Manchester
Reason for sale: Financial difficulty
Recently valued at: £135,000
Price to investor: £103,950
Agreed rent: £575 pcm
Valuation rent: £600 pcm
Based on around an 80% LTV on an interest rate of 6.39% this would make the property cash positive by £132 p.c.m. Thats over £1,500 per annum cash positive AND youve got over £31,000 equity within the property!
Because the tenants will be the old vendors, they tend to look after the property as if it were they own and will often do any minor maintenance.
Having a tenant in there from day 1 would also typically save the investor over £1,000 per annum in letting fees and void periods.
There is no doubt that if someone is about to get repossessed and experience all that is associated with it, then it has to be better to sell their home to an investor who will pay off their debts and give them a fresh start. The vendor will also have the opportunity to minimise the disruption to their life by renting the house back.
A typical repossessed property was last purchased in February 2004 for £225,000. The homeowner defaulted on their payments and the lender has taken action. In some cases the property requires work and the price must reflect this. To encourage a smooth and fast sale the property is often advertised at a reduced price for quick sale.
The example (real) property above was advertised for £167,950 by the agent and following extensive research to validate the quality of the property, our offer of £152,000 was accepted.
A similar property was sold for £197,000 in Apr 2008.
The actual price paid by the investor was £152,000 versus £197,000 current value - that is a 23% discount to open market value.
Before offers are placed we establish the achievable rent in writing from an independent letting agent and we are typically seeing 6% to 7.5% gross yield compared to typical buy to let apartments offering 5% yield. This helps to make the property cash flow neutral to cash flow positive from year 1.
Buying under market value investments can be one of the most effective ways to protect yourself against investment risk, just consider :
The market would have to drop by a significant amount for you to begin to lose money
Properties are often already tenanted
You are not just relying on the future capital growth, but rather building upon the equity already gained on purchase
If you choose to sell your investment you could still sell at a price below the Open Market Value (OMV) making profit and still make the property attractive to buyers.
Have a very specific type of property or location you
e looking for?
We offer a bespoke distressed sourcing service, ideal for our more serious professional investors. An upfront £2,950 + VAT sourcing fee is required which is refundable should property not be sourced within 60 days.
Register (enquire below) in order to receive bulletins for new properties as they arrive.
If its the bespoke service you
e enquiring about start the enquiry with "Bespoke"
Small development of 3-storey, 4 bedroom, freehold student houses in the Buxton campus of Derby University, the capital of the peak district and a university town, close to Manchester, Sheffield and Derby. Home to a £23m Derby University campus and 3,000 students but only 250+ university student beds. These four-bedroom houses will be rented as student houses to maximise rents and there is an easy exit strategy for family housing if required in the future.
Development of new-build, student houses in Buxton
Spacious layout over 1,250 square foot in size and parking included
Prime location in Buxton town centre next to train station student campus
See our investment calculator at the foot of this page
Summary:
Prestigious location with the majority of housing stock consisting of detached and semi-detached houses
Owner occupiers make up 72% of the housing market ensuring little competition from other investors
HMO compliant - confirmed by the local HMO officer in writing
New £23 million student campus in centre of Buxton
Over 3,000 students in Buxton of which just 283 can be catered for by halls of residence
Room rates for High Peak Halls, the University private halls of residence currently let at £82 per room per week.
Rentals assessment document available on request and student property shortage confirmed by the university accommodation office
Picturesque town full of greenbelt areas with restricted future development
Buxton is known as the 'Capital of the Peak District', situated in the North-West of Derbyshire, on the western tip of the East Midlands region. Close to both Manchester, Sheffield, Chesterfield and Stoke, Buxton is the heart of The Peak District and just on the rim of the Peak District National Park itself. The town has good commuter links, a highly skilled and motivated workforce and has the kind of architectural and social environment ideal for investment.
University of Derby campus in Buxton
The University of Derby campus in Buxton which currently has over 3,000 full time students has benefited from £23 million worth of investment in its city centre campus. This provides investors with an ideal opportunity of maximising rents via student lets, where rooms can be let at up to £80 per week. These fully HMO compliant (HMO officer visited and written in with confirmation), new build houses in Buxton city centre will generate huge cash rental returns.
Buxton remains one of most popular tourist destinations in the High Peak, hosting over one million visitors each year, providing over 64% of Peak District bed spaces and drawing in high percentage of the £73m tourist income spent in the High Peak each year. An effective town centre partnership is established to improve the town by promoting a multi-million pound enhancement programme.
With restricted competition from fellow investors, in an area made up mainly of owner occupiers, this is a fantastic opportunity to acquire an income generator that is heavily cash positive from year one. 3000 students with around only 250 university beds available.
This is one of the best cash-positive income-generating investments we have made available to our clients for some time. These are four to nine bedroom student houses in top letting areas in south Manchester, that are tenanted, part-tenanted and newly refurbished and producing £000s of net cashflow per year!
Properties are located in top letting areas in south Manchester-centre including Fallowfield, Withington, Didsbury etc. Properties are supplied as either fully tenanted, part tenanted or newly refurbished and ready to rent. All property is renovated to HMO (housing in multiple occupancy) licence standards.
High-yielding, refurbished houses in prime student areas in Manchester
Demand for student accomodation is booming and student rents rising significantly
Shortage of HMO houses - All our properties renovated to HMO standards
Gross yields of up to 7% or greater
Freehold title with no service charges or ground rent (in most cases)
Property refurbishment carried out on your behalf by Assetz development team
Hands-off letting and full management service with each property
All houses are let on a single AST contract with parents acting as guarantors - If one student pulls out the others on the agreement must pay the rent shortfall
Buy-to-let mortgage rates at 85% LTV available due to high income (subject to status)
Typical rents of £67-£85 per room per week
Fantastic capital and rental growth in these student and young professional areas of Manchester
Compliance with HMO legislation makes this a safe, long-term, hassle-free investment
The houses are rented and managed on your behalf by a very experienced student letting agency and many already have tenants signed up before they are completed. Rents per room are typically £65-£80+ per week and the properties show a surplus over the mortgage payments in the first year making the investments cash flow positive (see typical investment analysis further down).
Read more about student investment on our dedicated page.
The typical purchase and refurbishment process applying to these properties :
Property assessed by Assetz, valuers instructed and an offer made to the vendor
If offer accepted the property is acquired by Assetz on behalf of our clients
Property refurbishment and/or improvement carried out including specifically bringing the property up to HMO (housing in multiple occupancy) licensing standards (which can itself cost up to £40,000 in some cases)
Even if property is currently tenanted some works may still be required and it will often be possible to do this without the tenants moving out
Where necessary the property may be fully redecorated with new bathrooms and kitchens and fully furnished
Decoration or refurbishment is carried out where the opportunity to optimise rents exists.
We follow a critical path to ensure maximum rents are achieved per room. Often additional bedrooms will be built in the loft space and elsewhere in the house to maximise rental income from the property and deliver additional property value - accommodation extended where the opportunity to improve rents exists within the original property
The investor acquires the property with all of this work carried out or about to be carried out - property supplied with HMO licence or HMO compliance certificate if licence not required
Clearly, if the investor was to spend time sourcing a rundown property themselves, source and employ builders and ensure they deliver the job in budget and on time and familiarise themselves with the HMO licensing rules they could obtain a similar end-product but most investors do not have this time and hence our sourcing of this quality supply of this excellent investment product for our hands-off investors.
Another very important point is not to compare these finished properties with non-HMO compliant properties that have not undergone extensive refurbishment and works as it would be illegal to rent these to students without this expensive work carrying being carried out and an HMO licence being obtained. If comparing a property without an HMO licence to one of these converted student houses you need to compare the student rent on these renovated properties with the lower buy to let rental income obtained by renting out the house to a single family unit. Student rents achievable on a house are often quite a lot higher than buy-to-let rents but obtaining this comes at the cost of significant works and HMO licence requirements, all carried out by us on your behalf.
This is an excellent investment opportunity with renovations (where required) carried out to a very high standard. We have only a limited number of properties available for purchase each month and we operate a waiting list.
Typical Investment Worked Example - 5 Bed House in Fallowfield Manchester Prime Student Area
Purchase Price £249,950
Mortgage at 85% LTV (subject to status)
Cost to buy including all fees and stamp duty £46,866
Gross rental Income £17,760 pa (5 rooms X £74 pw X 48)
Net rental income £15,984 pa
Annual profit £4,398 pa
Demand is significant for these properties but there are only a limited number available per month so please enquire quickly in order to acquire one of these units.
Please see a full property investment analysis and chart below.
A superb opportunity to purchase a range of two bed apartments on the 2nd, 3rd and 4th floors of this five storey development, situated just minutes' walk from Manchester City Centre. Prices start from £123,451(net), and include parking.
15% discount off gross prices
Prices start from £123,451 (net)
Secure parking for each apartment included in price
Off plan development - completion 13 months' time
Typical interest cover from 109% to 115% based upon gross prices
Summary
The development consists of 139 apartments, of which we have 11 available exclusively to our clients. Secure, subground car parking is also included, with completion expected in December 2008.
Rental demand in the area is high, with the area attracting city workers, students and local people who do not want to pay the excessive rentals of the city centre itself. We have obtained rental valuations from two local rental agencies, who indicate achievable rentals of £600 - £650pcm given the location, size of apartments and provision of a secure parking space.
We have now negotiated a full 18% discount so net prices start at just £123,451. This fits in favorably with the Land Registry figures, which indicate that the average price of a flat in the city stands at around £153,000.
There is a £2,000 reservation fee payable for the property, including parking, along with our 2% finders' fee (plus VAT) and only a 5% cash deposit required upon exchange of contracts.
A superb opportunity to purchase a range of two bed apartments on the 2nd, 3rd and 4th floors of this five storey development, situated just minutes' walk from Manchester City Centre. Prices start from £123,451(net), and include parking.
15% discount off gross prices
Prices start from £123,451 (net)
Secure parking for each apartment included in price
Off plan development - completion 13 months' time
Typical interest cover from 109% to 115% based upon gross prices
Summary
The development consists of 139 apartments, of which we have 11 available exclusively to our clients. Secure, subground car parking is also included, with completion expected in December 2008.
Rental demand in the area is high, with the area attracting city workers, students and local people who do not want to pay the excessive rentals of the city centre itself. We have obtained rental valuations from two local rental agencies, who indicate achievable rentals of £600 - £650pcm given the location, size of apartments and provision of a secure parking space.
We have now negotiated a full 18% discount so net prices start at just £123,451. This fits in favorably with the Land Registry figures, which indicate that the average price of a flat in the city stands at around £153,000.
There is a £2,000 reservation fee payable for the property, including parking, along with our 2% finders' fee (plus VAT) and only a 5% cash deposit required upon exchange of contracts.
