Property 1

A three bedroom semi-detached house arranged over the ground floor and first floor likely dating from the 1950’s. The property requires refurbishment.

The property is of cavity brickwork construction with timber framed single glazed windows to the ground floor and metal framed single framed windows to the first floor, all under a pitched roof with clay tile coverings.

There is a good sized garden to front with off road parking space and there is a large garden to the rear. In addition there is an attached garage.

The achievable market rental income is at £22,800 per annum.

The subject property is situated in Fryent, North West of London. The immediately surrounding area comprises similar semi-detached houses, many of which have been subsequently extended.

Local amenities can be found a short distance away on Church Lane. Kingsbury London Underground station is situated close by.

Property 2

A five/six bedroom semi-detached house arranged over the ground and first floor likely dating from 1950’s. The property has been refurbished and extended to the side and rear since it was last purchased in May 2014.

The property is of painted and rendered cavity brickwork construction with uPVC framed double glazed windows throughout. The main roof, including the double storey extension to side is pitched and hipped with concrete tile coverings and the extension to the rear has a flat roof with an assumed painted single membrane covering.

There is a small garden to from with off road parking available for one car and there is a good size garden to the rear.

The market rental income is at £30,000 per annum.

The subject property is located in Harrow, North West of London. The immediately surrounding area comprises a mix of similar semi-detached and detached houses, some of which have been extended.

Local amenities can be found a short distance away on Greenford Road to the west and Harrow Road to the south. Sudbury Hill National Rail station and Sudbury London Underground station is situated 0.5 miles and 0.6 miles respectively to the south west.

The borrower intends to repay the loan by selling one of the security properties.