• Cash-out from refinance: £37,500 (deposit built by over £15,000!)
We purchased this property at auction in average condition and with a tenant already in place. We carried out some garden work and a full redecoration; changing the kitchen and replacing all floors. The value has increased substantially from the original purchase price, allowing us to grow our deposit by over £15,000 on the refinance. This property will be kept in the portfolio as the rental is good and the tenant wants to stay long term.
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