Buy, Refurb, Rent, Refinance (BRRR)
Bankhead Road, Aberdeen, AB21 9HQ
£70,000 GDV
1 bed main door upper flat with garden purchased in 2025.
Home Report: £80,000 (Aug 24, so numbers done on £70,000 end value to be on safe side)
Agreed Price: £45,000 (£39,999 + £3,000 moveables + £2,000 towards seller's estate…
Description
Type
Buy, Refurb, Rent, Refinance (BRRR)
Location
Aberdeen
GDV(Gross Development Value)
£ 70,000
Purchase Price
£ 45,000
Costs(Refurbishment & Fees)
£ 5,700
Total Cash Required
£ 50,700
Rent
£ 550
1 bed main door upper flat with garden purchased in 2025.
Home Report: £80,000 (Aug 24, so numbers done on £70,000 end value to be on safe side)
Agreed Price: £45,000 (£39,999 + £3,000 moveables + £2,000 towards seller's estate agency & legal fees)
Refurb Estimate: £4,500
Furniture included
Rent Value: £550-600pcm
Refurb breakdown:
Needs windows replaced (only 4 of them) £2,500
Compliance (has smoke alarms already & fuseboard modern) £1,000
Kitchen flooring £500
Misc £500
Total £4,500