Belfast - property overseas for sale

Freehold 4 Bed American Home in Good Area with High Returns (£23,450)

Date posted: Tuesday 20th October

Location: Royal Oak, Mi, Usa

A chance, right now, to buy American property for a FRACTION of even build cost!

Refurbished & let: $44,900 or

As is: $38,500

A great offer from www.property4peanuts.com!

It may be hard to believe, but certain American properties are available for prices that are way below the cost of building the property. Even below the previous mortgage held on the property. Yet these houses have tenants waiting to rent them at $700 to $1000 a month!

Simply speaking, it’s now the best value property in the World. And all the more amazing when you consider this isn’t in some third world country, but America. Still by far the word’s largest economy. The land of Hollywood, Cadillacs and eat-all-you-can-diners!

Even though it’s a great market for bargains in USA at present, selecting the right property is still very important. That’s where our work and expertise pays off. We know exactly which properties offer best value. Like this steal of a property in Royal Oak. A popular colonial style 4 bed detached, freehold.

This is an ideal location for steady rental and price rebound. Good street with access to all big city facilities. Hard working neighbourhood. Just under 45,000 dollars for a detached good neighbourhood property! And which pays HIGH RENT.

And that INCLUDES full refurbishment to bring the property up to code and a tenant placed.

Don’t want top include cost of refurb just yet? No problem, in that case the price is only $38,500

Prices are rising now

Don’t think this situation will last long. It won’t. Prices are springing up from the absurdly low levels. Local investors are buying up such property and there are bidding wars on many such bargains. Prices are now, in our estimation, sharply on the up.

The Property

An impressive detached family residence:

House size: 1728 sq. Ft

- Class style property with garden and garage,
comprising:

- Bed 1: 16x14
- Bed 2: 12x12
- Bed 3: 12x12
- Bed 4: 10x10
- Two full baths
- Living room: 21x12
- Dining room: 10x10
- Kitchen: 12x10

One open plan bedroom area has been divided into three rooms.

Good rental

This price of this property includes full renovation and the placement of a tenant paying approximately $950 per month.

Summary

This a clear opportunity to buy at far under market value. Please bear in mind that the same properties in same street can be on sale for 3 times what you are paying here.

This direct from the Bank property has had a large mortgage written off on it, at a loss to the American taxpayer, providing you with this unique profit opportunity. Providing tremendous upside in capital gain, in addition to suburban rental demand. Needless to say, there are many many investors who would snap up such a bargain, so don’t delay.

Once you have rented the property out, why not mortgage it when you have two years credit history? Credit is available in America, as long as you have good security in your property. Deals such as 5% fixed for 30 years are available! (Subject to status). Frankly, this is a no brainer for borrowers. One dose of inflation and the debt is reduced in real terms.

This 4 bedroom house is ideal for financing as you are buying well below market rate. It’s possible that you will recoup your money. Even take cash out! So owning a good property at no cost to yourself!

We don't expect you to take our word for it about how cheap this property is. Many of our clients buy at distance and we understand they require accurate information. So have a look at the the previous sales figures for this property:

Sale History (open market)

Date

Price

09/02/2008

Sold

$81,000

12/05/2007

Sold

$170,000

03/01/2005

Sold

$86,896

At sale price now of $44,900 refurbished and let, or just $38,500 as is shown in pictures, you can see what a discount to the last sale price, which was itself well off market peak.

Reserve this property now

To secure this property, call Dan Pennington on 0780 9647987 or email: dan@property4peanuts.com or visit our website www.property4peanuts.com for more information

To purchase refurnished and let

$2000 deposit + Notary fee of $500

Balance $36,500 paid 2 weeks later

Refurbishment payment of $6,400 is paid in 2 parts. Half before starting works start. Half after completion when tenant is signed up.

To purchase as is:

$2000 deposit + Notary fee of $500

Balance $36,500 paid 2 weeks later