Usa061- Cheap Detached House

Usa061
Launch details

Launched
July 2009

Issue Price
£12.00

Property Value
£2,400

Shares Issued
200

Equity Per Share
0.5%

Key Points

Detached House
Sold Last Year for $30,800
Properties in area $54,000
Needs Refurb
Potential Rent $600 p.m

Shares Available	sold out
Share Price	£12.24 Up 2%
Commission (2.5%)	£0.31
Total Share Price	£12.55
Property Value	£2,448 Up 2%
Equity Per Share	0.5%

Total share price: £12.55

Sold out

Synopsis

A detached property in Helen Ave, Jennings, MO. The property has 2 bedrooms, and 1 bathroom and sits in 4,000 sq ft of gardens.

The property requires refurbishment and was sold in 2008 for $30,800. Properties in this road are in the $50,000 bracket.

Refurbished the property could be rented for $600.00 per month.

Capital Growth

This property has been purchased at a total cost of £2,400*. We are of the opinion that the property can be re-sold "as is" for in excess of £3,250 making investors a 30% plus profit.

Purchase Price

*Total Purchase price of a property, includes some or all of the following additional costs and expenses incured in completing the purchase of the property; Estate agents fees, lawyers fees , local taxes, stamp duty, valuation fees, fees for surveyor, title insurance, company formation costs, trust acc formation costs, letting and management fees, specialist advisors costs, listing cost.

Total share price: £12.55

Sold out

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