A fully refurbished well modernised high-quality 807 sq ft 2 bedrooms Semi-detached house converted to 3 bedrooms in a prime location close to town centre in Lincolnshire
These costs include the purchase price, stamp duty, refurbishment costs and relevant adjustments, including the property market value after refurbishment. The highlights of the refurbishment include a new modern kitchen, modern bathroom, Installation of insulation wall to the external walls, installation of DPC, new central heating, new guttering, decoration and modernisation throughout.
◾ Purchase price: £70,000
◾ Cost of Purchase + Refurb: £25,100
◾ Monthly Rental: £750
◾ Monthly Cash Flow: £550
◾ Market Value after Refurb: £120,000
◾ Strategy: Passive Income
◾ Return on Investment (ROI): 129%
