Buy, Refurbish, Rent, Refinance (BRRR)
Craigiebuckler Avenue, Aberdeen, AB15 8SU
£300,000 GDV
3 bed semi-detached house purchased in 2022 on a bridging loan.
Extensive refurbishment carried out circa £49,000.
Plan A was to sell however decided to refinance and hold.
Lender valued property @ £300,000 however comparable…
Description
Type
Buy, Refurbish, Rent, Refinance (BRRR)
Location
Aberdeen
GDV(Gross Development Value)
£ 300,000
Purchase Price
£ 168,750
Costs(Refurbishment & Fees)
£ 57,000
Rent
£ 1,300
3 bed semi-detached house purchased in 2022 on a bridging loan.
Extensive refurbishment carried out circa £49,000.
Plan A was to sell however decided to refinance and hold.
Lender valued property @ £300,000 however comparable sales in the street between £310,000 & £325,000.