It’s an example of a project we built for one of our armchair investor clients this year.
Our buyers found this run down two bedroom home with plenty of opportunity. The fixtures and fittings were in need of replacement which meant our investor didn’t pay for things that would be replaced when the services were relocated. Purchased at a steep discount leveraging the Fossey Taylor purchasing power.
A thoroughly updated home ready for professional tenants. Two en-suite bedrooms and three other rooms sharing a new bathroom. All rooms furnished with sturdy tenant-proof furniture.
At a valuation of £140,000 this allows the investor’s capital to be recycled (£105,000 out for a 75% LTV mortgage based on bricks and mortar)
Come to our Discovery Day to learn the do’s and don’ts of commercial valuations on HMOs.
Gross monthly rent: £1,950
Monthly net profit achieved: £983
If you are considering investing in the UK’s #1 Buy To Let investment hotspot, we run a free monthly ‘Discovery Day’, on which we take you through what we do and how we do it in detail, take you to see some example properties, let you probe our business and ask all the questions you need.