Barnsley Location England South Yorkshire Available units    1 Bed from £75,000 to £75,000    2 Bed from £86,000 to £105,000 Delivery date: 01/04/08 Mortgage calculator Add to shortlist Property ID: 412427          Description Key selling points Unique one off development Yields to 6.4% Genuine 16% discount from valuation Super rental coverage (up to 135%) High quality - low prices A substantial discount is being offered for the sale of the entire block, with this in mind we are looking for up to 5 individual investors to come together to purchase the development.    A recent valuation (RICS) gave the combined value of £547,500 for the 5 apartments (4 x 2 bed 1 x 1 bed); the specially negotiated price is just £458,000, a 16.4% discount.   I have personally inspected the building which should be complete by end of April this year. It is very well designed with high quality fixtures and fittings and is superior to the usual massed produced apartment developments.      IMPORTANT: This is not a NO MONEY DOWN DEAL, you will need to be able to fund a 15% deposit to be part of this exceptional deal. However investors who want to recycle their deposit should be able to do so, generally within 3 - 6 months of completion, but as the finance market is changing fast it could be sooner. Please call for advice.     This is a superb opportunity to buy an investment in a small easily managed development without any of the exorbitant service charge costs of larger developments.   1 bedroom apartment, including parking -  RICS Valuation = £80,000, purchase price £75,000 - expected rental return £400 pcm, yield = 6.4% 2 bedroom apartment, including parking -  RICS Valuation = £100,000, purchase price £86,000 - expected rental return £450 pcm, yield = 6.27% Superior 2 / 3 bedroom apartment including parking -  RICS Valuation = £127,500, purchase price £105,000 - expected rental return £525 pcm, yield = 6% 2 bedroom apartment , including parking - RICS Valuation = £110,000, purchase price £96,000 - expected rental return £475 pcm, yield = 5.93% Superior 2 bedroom apartment including parking -  RICS Valuation = £130,000, purchase price £96,000 - expected rental return £495 pcm, yield = 6.18%%   Example purchase:   Lot 2: Valuation = £100k, Purchase price = £86,000 (discount £14,000)   Mortgage at 85% of purchase price = £73,100 Deposit required = £12,900 Monthly mortgage Interest payment @ 5.49% = £335 Monthly rental income (estimated) = £450 (134% rental coverage) Management available from 8%   Please email with a contact telephone number to find out more,                    Make an enquiry: TheMoveChannel.com is a property listing platform for estate agents, developers and private owners. For further details of the properties listed on the site, you must register/login and make an enquiry using the form that will appear on this page. Your enquiry email will then be sent directly to the person or company responsible for listing the property. Click here to register Email: Password: (forgot your password?) Loyalty bonus: minimum £50 from TheMoveChannel.com on completion when you buy this property. Click here for details of our loyalty scheme                 Get emails featuring more properties like this! Properties like this regularly feature in email newsletters that you are not signed up to. Opt in to receive newsletters by checking any relevant boxes below: Enter your Email:  UK Investment Global Investment