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Fundamentals of Finance - Essay Example
Author : elwyn33
Finance & Accounting
Pages 7 (1757 words)
Name: Course: Instructor: Date: Fundamentals of Finance Option 1 - Buy to Let Location: Manchester Road, Clifton Description of Property: It is a 2-bedroomed flat positioned along the Manchester Road, Clifton, situated on the ground floor with a kitchen and lounge, has no chain, collective garden, gas central heating, and double glazing, and family bathroom…
Photos: Interior view of one of the master bedrooms showing a spacious area within the room. The outside view of the property showing a cultivated front yard suited with garbage cans and showing spacious distance from one property block to the next. The arrangement of the apartments allows a personal parking lot to the front and a walk through pavement connecting from the main residential interstate roads. Weblink: www.rightmove.co.uk/property-for-sale/property-41518172.html# Purchasing Price: ?59,500 The annual cash flows expected from the investment target is ?850 per calendar month as the area has competitive rental market given that area is spacious and secluded from industrial zones, hence fore, investors in this area are driven by the market valuation of the properties as well as the location which raises the expected valuation of the property to be higher than the market price. The market price of the same property along the Greater Manchester area is set at ?650 with regards to the proximity of properties and roads, shopping malls, security of the area, and demand and supply of rental properties along the same area. ...