Buy, Refurbish, Rent, Refinance (BRRR)
Dunfermline Road, Crossgates, KY4 8AP
£70,000 GDV
1 bed + box room flat, purchased in 2020.
Purchased fully landlord compliant. Required minor minor renovation including minor roof repairs, new bedroom carpet, decorating & minor handyman repairs.
Let unfurnished at…
Description
Type
Buy, Refurbish, Rent, Refinance (BRRR)
Location
Fife
GDV(Gross Development Value)
£ 70,000
Purchase Price
£ 50,000
Costs(Refurbishment & Fees)
£ 5,000
Total Cash Required
£ 19,500
Rent
£ 475
1 bed + box room flat, purchased in 2020.
Purchased fully landlord compliant. Required minor minor renovation including minor roof repairs, new bedroom carpet, decorating & minor handyman repairs.
Let unfurnished at £475pcm
Home Report value £65k when purchased (pre renovation works). Refinanced 6 months after purchase @ £70k.