BRRR Opp in Accrington

Strategy: BRRR
Are you looking for a secure BRRR opportunity to add value here’s why this could be your next deal!

This two-bedroom terraced property, located in Accrington, Lancashire, offers strong capital appreciation and cash flow. The opportunity requires a refurbishment to achieve the desired value uplift, making this deal perfect for anyone looking to execute a BRRR strategy.

Key property details:
- 2bed mid terraced
- 115 sqm
- Freehold
- No chain
- Accrington

Key financial:
▪ Purchase price: £80,000
▪ Purchase cost: £9,100
▪ Refurb cost: £25,000
▪ GDV: £140,000
▪ Rental income: £700
▪ Annual rent: £8,400
▪ Profit per month: £306
▪ Annual profit: £3675
▪ Yield: 6%
▪ Money left in after refinance: £18,800
▪ Money out via refinance: £45,000
▪ Sourcing fee: £3,000