Purchased March 2018
4 Blythswood Road,
Renfrewshire,
Glasgow, UK
Initial Purchase
Initial Purchase
£ 42k
Done up Value
Done up Value
£ 75k
Annual gross rent
Annual gross rent
£ 5,700
ROI
ROI
∞
About this opportunity
This was a deceased estate deal. We purchased this one bed flat, and converted a existing second living room into a second bedroom, and replaced the whole interior.
As part of the living arrangements, we moved the bathroom the the Kitchen, and moved the kitchen to an open plan living room.
This unit was then revalued to a great value, and we were able to get all our money out of this deal, meaning infinite returns.
Our initial tenant was a long term tenant.
Image gallery
Before
After
Financials
Equity
Purchase Price | £42,000 |
Build / Renovation | £11,500 |
All other costs | £1,920 |
Total Initial Costs: | £55,240 |
Market Value | £75,000 |
Monthly Income
Rent | £5,700 |
Operational Expense (@10%) | £570 |
Management Fee (@12%) | £684 |
Mortgage (@7%) | £3,937.50 |
Cash Flow | £508.50 |