3 Bed terraced house under 100k
We bought this 3 bed terraced house in a quiet residential area in Brirminham.
Purchase price: £96k
Total money out: £37,500
Monthly rent: £650
Net ROI: 14.5%
The property needed modernisation and it was being sold for a much lower than market value. We put a new kitchen unit, replaced flooring throughout, painted all over and garden tidied up to give it a fresh look. This also brought the property back to market price and a tenent moved in within weeks.
After one year, the property has been remortgaged to take the equity out for the investor which powered him to buy his next property.
Overall a very nice investment for someone starting up and highly appreciated by client.
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