Property Details

• 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%.