Project Gladstone Street
This property, which is located in Blyth Northumberland, was a high-end crack den!!!
Details
A direct to vendor purchase and a back to brick refurbishment. I had to get the property re-supplied for gas and electricity. The only thing that wasn’t touched on this property was the roof.
I’m keeping this in my portfolio as a BTL. This is a full money out deal. When I refinanced, I will get £65,625 back. That’s all my money plus an additional £2,478.86
There are still great deals out there to be had, but you have to be willing to put in the work to find them.
Value
- Purchase price £21,000
- Solicitors fee £1,000
- Refurb £41,146.14
- Total money in the deal £63,146.14
- New value £ 87,500
- Rent £675
Other Projects
Project Columbia Terrace
Details Project Columbia Terrace is a 2 bed to a 4 bed conversion. When this property first got...
Project Tindale
Details Some before and after pictures of a property I have recently renovated for an investor. ...
Project Gladstone
Details 2 bedroom Tyneside flat purchase using vendor finance. This should have been a...
Project Wright Street
This deal nearly stopped me from investing in property further. I purchased this property at the...
Project Kings Garden
Let me introduce you to the very first rental property I purchased. I purchased this property back...
Project Trevelyan
4 bedroom mid terraced house in a popular location and purchased direct to vendor at a very good...
Project Rosalind avenue
DetailsThis 3 bedroom flat was purchased direct to vendor. The vendor had already done the...