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£100k+ Profit – BRR2SA – Solihull

Deal ID: 3868

Sold

Finders Fee: 4000

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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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