Walmersley Road, Bury, BL9 5AY ref: MIPDP

Investment Highlights
 Current Market Value: £89,950
 Investor Price: £67,463
 Discount:25%
 Mortgage: just £264
 Rental: £435 pcm
 Cash Positive: £171pcm
 Packaging fee: £4,995+ vat
 Property Overview
2 bedroom apartment. In brief the property comprises of entrance hall, lounge,
kitchen, two bedrooms and bathroom.

Property Information

Number of Bedrooms 2

Property Age Victorian

Type of Property 2 bed apartment

If Apartment – How many floors does the building have 2

What floor is the Apartment on 2

Are there any commercial units below? If yes what type? no

Type of Construction Brick & Render

Freehold or Leasehold Leasehold

Length remaining on Lease 120

Service Charge and Ground Rent £40 pm

What type of heating does the property have? GSH

If Gas Central Heating – What type of Boiler? How old is the boiler? Unknown

Double Glazed? Unknown

How long has the owner owned the property? Unknown

Has the Property had any extension or alterations? No

Do the alterations have Planning permission and Building Reg’s n/a

Certificate?
What is included in the Kitchen Range of Kitchen Units

Does the Property have a Garage or Parking? On street parking

Is the property owner occupied? unknown

Pictures
Local Area

Once a rural village in the wilds of Lancashire, in recent decades, it has become a
northern suburb of Bury. Old stone cottages remain in the area, but much of the
district's housing is of post-war construction. The A56 (Walmersley Road) links
Walmersley with Bury. The Walmersley conservation area was designated in November
2003. It covers Christ Church, its churchyard, the former school and school master's
house, together with the adjacent Spur Petroleum site which contains the former
Walmersley Brewery buildings.
The main industry and largest employer in Walmersley is Tetrosyl, the largest
manufacturer and supplier of car care products in the United Kingdom.

Local Area Map

Neighbourhood Profile

Here is an overview of the likely preferences and features of your neighbourhood:

Often, many of the people who live in this sort of postcode will be single parents
and pensioners living in council terraces.
These are known as type 51 in the ACORN classification and 1.83% of the UK's
population live in this type.

Many towns and cities will have some neighbourhoods fitting this profile, but
concentrations are found in Newcastle, Sunderland, Belfast, Liverpool and Greater
Manchester.
These are areas with high numbers of single pensioners living alongside many
single parents. The age breakdown of the population is unusual because, overall,
there are both high numbers of people over 60 and children under 16.

People live in council or housing association properties. These tend to be small

terraced houses and flats, typically found in urban estates. Unemployment levels
are high, and typical occupations include manufacturing and other more routine
jobs.

With high numbers of single pensioners and single parents, overall income levels
are low. This type has the lowest level of qualifications of all ACORN types, which
means there is little chance of these areas becoming more prosperous.

With such low incomes, it is unsurprising that the majority of these people do not
have a car and public transport is essential to them. With any spare money they
are most likely to have a drink in the pub, go to bingo or place an occasional bet at
the bookies. If they do manage a holiday, they often choose a caravan break in the
UK.

When they buy a paper, their particular favourites are The Sun and News of the
World.

Family income Very low

Interest in current affairs Very low
Housing - with mortgage Very low
Educated - to degree level Very low
Couples with children Low
Have satellite TV Low
Due Diligence

Sales Comparables
Properties within a 1 mile radius of this property.
Source: Rightmove
Due Diligence

Rental Comparables
Properties within a 1 mile radius of this property.
Source: Rightmove
 Deal Structure

Market Value: £89,950

Purchase Price: £ 67,463
Mortgage Borrowing LTV:80% £79,960
Additional Deposit required from you: £0
Cash Back: n/a
Mortgage Payment: £264 pcm
Market Rent: £475 pcm
Actual Rent: n/a
Tenanted: No
Packaging fee:* £3,995 +VAT
•Packaging fee covers all legal, bridging and broker fees. The valuation fee will be paid by the
client directly to the lender

How to secure this deal

Email: info@markianson.com
Or call 08456 434 595

Mark I’Anson Property

183 Watling Street West • Towcester • Northamptonshire • NN12 6BX
www.markianson.com

Mark I’Anson Property is not a regulated or licensed investment or financial advisor. Whilst we endeavour to provide accurate, up
to date and complete information, we make no warranties or representations as to the accuracy, reliability or completeness or
otherwise of the information and assume no responsibility or liability for any omissions or errors. As such, all information provided
by Mark I’Anson Property should be only be regarded as an indicator and a general guide and should not be relied on as a
statement, recommendation or representation of fact. Any interested parties are advised to satisfy themselves as to the accuracy
on any information they receive by carrying out independent assessments or otherwise before making any commitment to
participate. Mark I’Anson Property have no control over the Banks or financial institutions that arrange lending and terms and
conditions can change at any time. International Property Success cannot be held responsible for any such changes. If the property
is down valued, MIP will do their upmost to re-negotiate the deal, however this is not always possible and in this case you would
lose your valuation fee.