Property Details

• Purchase price: £545,000

• Refurb £0 (seller paid £80,000 cashback for renovations)

• Refinance Estimate: £700,000

• Total cash in: £165,000

• Cashback on refinance: £115,000 (+£80,000 seller contribution) 

• Deposit built by £30,000!

This building was 90% completed when purchased from a seller who was ready to retire from property. Struggling to finish the project, we agreed to a reduced purchase price. To date, we have spent only £20,000 to complete the build,

The building is currently fully let producing £54,500 per year, with a yield of 10%.