OFF MARKET/SHORT LEASE – BRR2SA – Solihull
- 3 Bedroom, 1 Bathroom, Semi-detached house
- Purchase Price: £160k
- Stamp Duty: £8.7k (First time buyer/personal name – £0k)
- Legals & Lease extension: £79.2k
- Refurb cost: £8.75k (Needs: Small modernisation throughout)
- GDV: £310k
- Profit: £49,350 (£58,100 if bought in a personal name as a sole residence due to stamp duty savings)
- Project Management Available
- Plan A: Refurb, Refinance and run as SA – £140adr, 75% occupancy (£1,176.06pcm Profit/£14,112.75 annual profit)
- Plan B: Refurbish, Sell
- Plan C: Refurbish, Refinance, Single let – £1,400pcm+ achievable
Initial Investment Needed (If Bridging used):
Deposit (25% of £160k): £40k