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Birchall Walk was the first flat I bought and the real start of my property journey. A two bed flat that needed bringing right back to life.
We carried out a full rewire, fresh plastering throughout, a new kitchen and a new bathroom. Aside from structural alterations, we touched almost every part of the property. It set the standard for how we approach every project since.
Purchase Price: £68,000
Professional Fees: £3,337.40
Refurbishment: £42,606.70
Total Cost: £110,606.70
Total Cost Including Professional Fees: £113,944.10
Finance Costs: N/AGDV (at completion / current): £140,000 / £170,000
Rent (at completion / current): £800pcm / £1,000pcm
Annual Rent at Completion: £9,600
Mortgage: £467.26pcm
Yield (at completion / current): 6.86% / 7.06%
ROI (at completion / current): 26.57% / 53.7%
ROI on Annual Rental Income: 8.68%
Have a question or ready to talk numbers? Reach out for a straight, no pressure conversation. If you would rather read first, download the investor deck and get in touch once you have had a look.
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