Property Details

• Purchase price: £125,000

• Refurb and finance costs: £20,000

• End value: £195,000

• Profit: £50,000

• End goal, refinance and keep in portfolio as a Serviced accommodation unit

• Estimated monthly profit: £1500

• Estimated yield: 19%

This property is now finished and can be viewed here

This project was purchased at auction for £125,000 and the goal is to refurbish and refinance the project to pay back our investor. It needs a light refurbishment with the installation of fire alarms, lighting and fire doors so that the property could become a HMO . The serviced accommodation in this area is in high demand and so we estimate this project will profit £1,500 pcm after all costs.