4 bed detached cottage in a perfect desirable location for a holiday let
Purchase Price: £210,000
Stamp Duty: £12,200
Purchase Price: £210,000
Stamp Duty: £12,200
Legal, building control and structural fees: £4,700
Refurb £154,000 (including 10% contingency)
Furnishing: £15,000
End Value: £475,000 (extensive value to be added, potential to push this even higher considering some comparables at over £600,000)
End Value: £475,000 (extensive value to be added, potential to push this even higher considering some comparables at over £600,000)
Vision: to refinance and run as a holiday let with an annual profit of over £31,000 (over £2,600 pcm) with an EROI of 78.9%, or flip with a profit of approx. £90,000