Flip – Coventry – LOW ENTRY!

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Finders Fee: 4000

West Midlands

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Headline Deal Details

Low Purchase Price Flip – Coventry
2 Bedroom Terraced House
Central location less than 1 mile from Coventry City Center
Purchase Price: £120k
Legals: £3000 (No Stamp duty as uninhabitable)
GDV: £200k (£150k @ 75% mortgage)
Refurb Cost: £37k Approx
Rental Income £1100pcm Approx (£140pn as an SA)

Initial Investment Needed (If Bridging used):

Deposit (25% of £120k): £30k

Stamp Duty: £0

Legals: £3k

Refurb cost: £37k

Total: £70k

Total Including £4k Sourcing fee: £74k

*IMPORTANT – Independent Builders Survey is highly recommended before purchase*

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