Loan

Loan #640320 Barrow-In-Furness, LA14 5PE, United Kingdom

Property location
30 Newby Terrace Barrow-In-Furness LA14 5PE United Kingdom

Executive Summary

We will be purchasing the two-bed mid terraced property for a significant discount in order to give the current landlord the opportunity to liquidate due to personal circumstances that demand a fast sale.
The property is currently tenanted and giving a good return in excess of 10% despite the current rental being below-market rental value for the area. In addition, the property's current condition allows for minor cosmetic works to be undertaken to demonstrate an increase to its true value.

Ofsted, a "good" reported school is 0.2 miles away.
The Barrow-in-Furness train station is 0.4 miles away.
The City centre is a 5-minute drive away.
The hospital is a 4-minute drive away.
And the local supermarket is also a 5-minute drive away.

The current landlord has done contemporary decorations, so the property will be purchased in a reasonable conditions. Additionally, the property is situated in a prime rental location for tenants.

Investing FAQ
Loan terms summary
  • Interest per annum 10.00%
  • Fully subscribed 90,000.00 raised
  • Risk class i
  • Expires 2 day(s) left
  • Target amount €90,000.00
  • Profit share 0.00%
  • Term 9 Months
  • Payment frequency 1 months
  • Loan purpose Buy-to-rent
  • Type Bullet i
  • Mortgage rank First Rank
  • Total Loan Cover (TLC) 102.2%
  • Loan To Value (LTV) 78.3% i
  • Location
    United Kingdom
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