BRRR in Bury, Manchester

A 1-bedroom leasehold flat in Bury, offering a strong Buy, Refurbish, Rent, Refinance opportunity with clear value-add potential.

The property requires a full refurbishment, creating scope to significantly improve its condition, rental appeal and capital value. It also benefits from parking facilities and an exceptionally long 946-year lease.

Once refurbished and tenanted, this compact investment is projected to generate attractive monthly cashflow while allowing the investor to recover a substantial proportion of their initial capital through refinance.

Key Financials

▪ Purchase price: £67,000
▪ GDV: £125,000
▪ Refurb costs: £20,975
▪ Money left in after refinance: £12,973
▪ Monthly rent: £850
▪ Monthly profit: £341
▪ Annual profit: £4,102
▪ Yield: 8%
▪ ROCE: 32%

A strong BRRR opportunity combining a low entry price, significant value-add potential and attractive projected returns.