• Purchase price: £39,000
• Refurb: £9,000
• Refinance Value: £75,000
• Total cash in: £19,000
• Cash-out from refinance £26,000 (deposit built by over £7,000!)
We purchased this property at auction, it only required a light refurbishment. The property was refinanced and added to our portfolio and is currently let for £395pcm, making a yield of 10%.
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13 Bryngwyn Rd