Whitfield Road, Newcastle upon Tyne,

A pair of Tyneside flats , 3 bed 1st floor flat & 2 Bed ground floor flat.

Located 1.5 miles from Newcastle city centre, 0.5 miles from The A1M and The Gateshead Metrocentre (Europe's largest out of town shopping centre)A prime investment opportunity in a proven letting area.

Value after refurbishment	£145,000
Current Value	£135,000
Purchase price to client (to include all refurbishment items)	£135,000
Loan Amount 80% of current value	£108,000
Deposit	£27,000
Interest only mortgage 25 yrs	£477.00*
Repayment mortgage 25 yrs	£650.38*
Gross Rent per calendar month	£823.34
Using an interest only mortgage the gross profit is	£346.34 per month
Using a repayment mortgage the gross profit is	£182.96 per month
Gross yield on capital invested is 15.39% per annum
The property already has £10,000 built in equity from the onset.

*rate based on The Royal Bank Of Scotland 12/9/05 deposit required is 20%.

All figures are subject to status & rates may vary.

Patterdale Street, Hartlepool

3 bed mid terraced house close to town centre and local amenities,good letting area producing a high yield.

Value after refurbishment	£47,000
Current value	£44,000
Purchase price (to include refurbishment)	£45,000
Loan amount 80% of current value	£35,200
Deposit	£9,800
Interest only mortgage 25 yrs	£155.47*
Repayment mortgage 25 yrs	£211.97*
Gross rent per calendar month	£347.00
Using an interest only mortgage the gross profit is	£191.53 per month
Using a repayment mortgage the gross profit is	£135.03 per month
Gross yield on capital invested is 23.45% per annum

*rate based on The Royal Bank Of Scotland as of 12/9/05. deposit of 20%
required. All figures are subject to status and rates may vary.