Conversion of a mixed use commercial and residential unit to a 5 bedroom HMO
● Purchase price £62,000 ● Refurbishment costs and fees £57,000 ● £135,000 drawn out via refinance ● Net rental profit £14,000 per annum ● Recent Valuation £225,000 ● Uplift in value of £163,000
Three Bedroom maisonette (refurbishment)
● Purchase price £78,000 ● Refurbishment costs plus fees £48,000 ● £131,250 drawn out via refinance ● Net rental profit £5,500 per annum ● Recent valuation £175,000 ● Uplift in value of £97,000
Block of three flats (refurbishment)
● Purchase price £165,000 ● Refurbishment costs plus fees £28,000 ● £187,500 drawn out via refinance ● Net rental profit £13,100 ● Recent valuation £250,000 ● Uplift in value £85,000
Three Bedroom semi detached house (refurbishment)
● Purchase price £120,000 ● Refurbishment costs plus fees £73,620 ● Sale agreed for £245,000 ● Pre tax profit £51,380 ● Uplift in value £125,000
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