This property has been taken off the market.
Go back

House For Sale Brampton Drive, Cannock, WS12

£7,000

1 of
  • Description
  • Street View
  • Maps
Last Updated: 9th August 2019

Description

FREEHOLD INTEREST ONLY

Ground rent investment, leasehold with 51 years remaining. Current ground rent £45 p.a. up to 28th September 2037 increasing to £60 p.a. thereafter. Ideal investment opportunity.

TENURE
Freehold interest only, subject to leasehold.

LEASEHOLD INFORMATION
Term: 99 years from 29th September 1971
Ground rent: £45 p.a. (increasing to £60 p.a. in 2037)

Nearby Stations

  • Hednesford Rail Station (1.4 miles away)
  • Cannock Rail Station (1.7 miles away)
  • Landywood Rail Station (3 miles away)
  • Rugeley Town Rail Station (4.6 miles away)
  • Bloxwich North Rail Station (4.9 miles away)

Nearby Schools

  • Five Ways Primary School (0.1 miles away)
  • Heath Hayes Primary Academy (0.2 miles away)
  • Gorsemoor Primary School (0.3 miles away)
  • Kingsmead School (0.8 miles away)
  • St Peter's CofE Primary Academy (0.8 miles away)
Agent Details
Smiths Sales & Lettings
28 Castle Street, Swansea, SA1 1HY
Show Contact Number
01792 465 822

Forecast Score

Based on our analysis this property has been scored as:

Data Classified: Partially Classified
0.0

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is a lack of data to forecast this property with regards in comparison with local sold prices.
0

Profitability

There is a lack of data to forecast this property with regards of profitability.
0

Interest Rates

Bank of England Base Rate:
0.1%
Lower interest rates mean lower mortgage payments and makes property more affordable historically in times of low interest rate property prices tend to increase.
10

Mortgage Availability

Good mortgage availability causes property prices to increase as people can get mortgages and buy property.
10

Fiscal Policy

Due to recent economic uncertainty the government has adjusted their spending levels and lowered tax rate. Pumping money into the economy and its central bank in order to increase money supply.
10

Comparison with other investment alternatives

Investing in this property will give you a higher return when compared to other alternative investments.
0

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

It may be difficult to get a mortgage offer for this property.
Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this property. See more properties like this.

Property Image
8.4
£80,000
Apartment
Yield: 8.63%
ROCI: 22%
Property Image
7.5
£180,000
Semi Detached
Yield: 8%
ROCI: 26%
Property Image
7.3
£65,000
Maisonette
Yield: 7.85%
ROCI: 24%
See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
This is the potential achievable yield.
Potential Return-on-Cash Invested