The property stands as four bedroom terraced property in a desirable plot in the area of Livingston on the outskirts of Edinburgh. The family sized home sits in the plot with gardens to the front and rear. The property is in need of a light refurbishment in order to be more appealing for a commuter family.
A short walk to Livingston Designer Outlet
On a quiet road of residential buildings in Livingston area.
Local amenities and a train station are a short 4 minute drive.
Local schools and colleges within walking distance.
The A71 is approximately half a mile away which provides excellent communication to the wider area with routes to Edinburgh within half an hour.
The area has seen a strong incline in housing prices over the last 5 years, totalling an average capital growth of 11%, reference propertydata.co.uk
The borrowers have exchanged contracts on the purchase of this four bedroom property. The investment opportunity was identified by the borrower an experienced property manager and developer who has completed multiple projects and has a property portfolio in the area.
The borrower is raising £85,800 for the purchase and refurbishment of this property to then sell on the open market within a 6 month period, generating a profit margin of 18% on sale of the refurbished property.
Investors funds shall be utilised as £75,800 towards the purchase price of £120,000, the borrower will be topping up the rest for the purchase . £10,000 of the balance will be to cover the refurbishment costs.
This project does not require planning consent.
Open market sale, however a refinance is available should the sale take too long.
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Bonus: £50 when you lend your first £500.
Type: Bonus paid on drawdown of the loan by the Borrower.
Terms: To claim this offer, you will need to invest a minimum of £500 into the loan opportunity. You will then have your account credited with £50 on drawdown of the loan. This offer only applies to your first £500 investment. Lender Terms and Conditions apply.
Bonus Reward: 2% when you lend £10,000 or more.
Type: 2% Interest added on the loan by the Borrower.
Terms: To claim this offer, you will need to invest a minimum of £10,000 into the loan opportunity. You will then have your account credited with 2% extra interest on repayment of the loan. Lender Terms and Conditions apply.