DEAL 2

Location: 21-31 (Odds) Lipscomb Lane. Milton Keynes. MK5 6JQ

INTRODUCTION

Through our network of property professionals, we have been presented with 2No blocks of 3x1 bed flats (6 flats in total). This proposal is presented based on one block of flats.

These flats are strategically located in the sought-after neighbourhood of Shenley in Milton Keynes, right in the middle of a local shopping centre, near a big Sainsbury's supermarket and an outstanding-rated high school!

PROPERTY OVERVIEW

These purpose-built apartments, nestled within a modern development in Shenley Church End, Milton Keynes, offer residents a vibrant community experience with an array of amenities right at their doorstep.

From everyday essentials to health and wellness facilities, residents here enjoy unparalleled convenience within a 1-2 minute walk.

Parking is abundant and free, while easy access to public transportation and nearby attractions make this a very desirable residential area.

Key Amenities and Features:

Retail and services: Sainsbury's supermarket, dental practice, health Medicare center, gymnasium, three restaurants with takeaway options, wellness center, dry cleaners, public house, estate agents, post office, chemist
Free parking without allocation
Regular bus route and bike hire electric charging station
Proximity to a children's park
Nearby attractions: National Badminton Centre, National Bowl, Furzton Lake.

EXIT STRATEGIES

Exit strategy 1 (From Day 1):

Rent out the flats on completion and pay the angel financiers 8% PA interest.

Exit strategy 2 (From 6 Months Onwards):

Refinance to pay back any angel financiers wishing to exit.

Exit strategy 3 (From Year 2 onwards):

Split titles and transfer one flat/title to angel investor for renting or operation as serviced accommodation.

FINANCIALS

Purchase price = £375,000
Purchasing costs = £20,000
Refurbishment = £20,000
Total required = £415,000
Total investment required = £135,000
Min Investment = £20,000
Interest to be paid = 8% Per Annum
Period = 2-5 years.
Total rental yields = £950x2 + £900 = £2,800

INTEREST PAYMENTS

Typical interest payments will be as follows

Investment Amount

Monthly Interest (@ 8%)

£140,000 = £933

£135,000 = £900

£130,000 = £867

£120,000 = £800

£110,000 = £733

£100,000 = £667

£90,000 = £600

£80,000 = £533

£70,000 = £467

£60,000 = £400

£50,000 = £333

£40,000 = £267

£30,000 = £200

£20,000 = £133

£10,000 = £67

Note:

As an Angel Investor, your interest payments are guaranteed in the contract regardless of whether the property is empty or occupied.