BTL in Peterlee

Property Details

* Freehold mid-terrace house
* 101m2
* Three bedrooms
* EPC Rating: D
* Vacant property
* Mortgagee repossession sale
* Opportunity to add value through refurbishment and modernisation
* Strong comparable evidence supporting a GDV of £95,000 on the same road

Purchase & Refurbishment

* Target purchase price: £55,000
* Purchase costs: £8,900
* Sourcing fee: £3,000
* Legal fees: £1,500
* Insurance: £350
* SDLT: £2,250
* Auction fee: £1,800
* Estimated refurbishment: £19,800
* Total investment required: £21,780
* Estimated GDV: £95,000

Financials

* Estimated rental income: £700 PCM (£8,400 PA)
* Mortgage payment (75% BTL at 5%): £293 PCM
* Monthly net income: £403 PCM
* Annual net income: £5,430 PA
* Gross yield: 9%
* ROCE: 34%

* Estimated GDV: £95,000
* Refinance at 75% LTV: £71,250
* Money left in deal after refinance: £14,340
* Strong BRRR opportunity with low capital remaining in the project following refinance

For further details or to invest please contact.