£100k+ Profit – BRR2SA – Solihull

Buy Refurbish Refinance

Sold

Finders Fee: 4000

West Midlands

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Headline Deal Details

*TIME SENSITIVE* – PRE-AUCTION PRICE AGREED!!
Extended 5 Bedroom, 2 Bathroom, Semi-detached House
Purchase Price: £350k
Stamp Duty: £25k
Legal fees: £2k
GDV: £550k
Refurb Cost: £67,080k Approx
Plan A: Refurb, Refinance and run as SA – £190adr, 80% occupancy (£1,433.21pcm Profit/£17,198.50 annual profit)
Plan B: Refurbish, Sell
Plan C: Refurbish, Refinance, Single let – £2,000pcm+ achievable
Needs: Modernising throughout
Profit: £101,920 (£124,420 if bought in a personal name as a sole residence due to stamp duty savings)
Project Management Available

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