YourLocalInvestment
25th September, 2017

 

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Case Study #1

 

3 bed house, Bridgwater, March 2010
Property Purchase £77,000
Legal and Fees £3,000
Refurb Costs £12,000
Total £92,000
Returns on your Investment
Revaluation 125,000 x 75% £93,750
BMV 26%
Yield 7.8%
Cash Back £1,750

 

 

 

 

 

 

 

 

 

Currently rented at £600 p/m.

This is a very nice property with conservatory, attic room, out buildings, rear garden, decking and parking for two cars.

 

Case Study #2

 

3 bed house, Bridgwater, February 2010
Property Purchase £77,000
Legal and Fees £3,000
Refurb Costs £5,500
Total £85,500
Returns on your Investment
BMV 23%
Yield 8.4%
Rented 6 months @ £600 p/m £3,600
Sold October 2010 for: £111,500
Clear Profit after expenses £23,000

 

 

 

 

 

 

 

 

 

Another good property, close to town with two parking spaces. Sold due to noisy area and for cashflow.

 

Case Study #3 – Current Project

 

  • A large four bed end of terrace house with attached one bed flat.
  • This is an interesting deal in that the vendor is leaving £100k in the deal.
  • We purchase house outright for £170k.
  • The flat is secured on a lease option for 12 months.
  • The flat will be refurbished and sold, money goes to the vendor.
  • The house will be converted into a seven bed HMO (house of multiple occupency) with five en-suites.
  • The refurbishment will be funded by an investor.
  • After eight months the property will be remortgaged and investor repaid (unless they decide to reinvest).