Project Trevelyan
4 bedroom mid terraced house in a popular location and purchased direct to vendor at a very good price.
Details
This deal is my first JV with my brother. He funded the project, and I did everything else.
It’s a win-win. There is nothing exciting about this deal. It’s a plain and simple BTL purchased with tenants in situ at a £26,000 discount
I’m just getting started!
Value
- Purchase price £94,000
- Market value £120,000
- Refurb £0
- Rent £775
- Stamp and Legals £3,820
- Broker fee £600
- Cash flow £414
- Totally money in deal £27,920
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