24/01/2024
🌟 Deal Diary 🌟
✍🏻 Sourced to a private client in September 2023
💰 PP: £39,995
👷🏼♂️ BTL - BRR
⁉️ The landlords chose to sell this property off market - The landlords had owned the property for a number of years but now had another use for the profit in the property and needed it back for another project. By selling off market they were able to release their profits much quicker and continue with their next venture.
🏡 Our client has now completed the refurb and has the property back on the rental market waiting to become a new families home again! 👨👩👧
💰 Numbers:
PP: £39,995
Legals & Fees: £9,305
Refurb: £5,500
ADS: N/A
All in the deal: £54,800
Rent: £595
Est Gross Yield: 13%
https://www.rightmove.co.uk/properties/143807603 #/media?channel=RES_LET&id=media14&ref=photoCollage