BRR Opportunity - North East

3-Bed BRR Opportunity with Strong Rental Potential

Estimated 21% (c. £25,000) equity uplift from purchase price to post-refurbishment market value.

Property

• 3-bedroom terraced house
• 74 m²
• Freehold
• Standard construction
• 1 bathroom
• EPC Rating: C
• Cosmetic refurbishment only (decorate throughout, clear rear garden, paint rear elevation)
• Refurbishment cost: £9,470 + VAT
• Estimated GDV after works: £120,000
• Expected rental income: £795 PCM

Financials

• Target purchase price: £95,000
• Purchase costs: £9,600 (£3,000 sourcing fee, £1,500 legal fees, £350 insurance, £4,750 SDLT)
• Refurbishment: £9,470 + VAT
• Total investment (before finance): £114,070 + VAT on refurbishment
• Expected GDV after reconfiguration: £120,000
• Money left in: £26,072
• Interest-only mortgage (5%): £375 PCM (£4,500 PA)
• Expected monthly rent: £795 PCM
• Gross annual rent: £9,540
• Gross yield: 8%
• Quoted ROCE: 19%

Purchase Strategy

• Purchase using a day-one bridge.
• Complete the cosmetic refurbishment and reinstate the third bedroom.
• Refinance onto a buy-to-let mortgage at full market value.
• Based on a three-month timeline, with potential for earlier completion due to the light refurbishment.

For further details or to invest please contact.