Buy, Refurbish, Rent, Refinance (BRRR)
Eastmill Brae, Brechin, DD9 7ED
£140,000 GDV
Traditional 3 bed house with private garden & driveway.
Purchased on a bridging loan in 2021 with 2 other properties (ie 3 properties on 1 bridging loan). Acquisition fully funded by a private lender.
Light internal…
Description
Type
Buy, Refurbish, Rent, Refinance (BRRR)
Location
Angus
GDV(Gross Development Value)
£ 140,000
Purchase Price
£ 105,000
Costs(Refurbishment & Fees)
£ 10,400
Total Cash Required
£ 36,600
Rent
£ 700
Traditional 3 bed house with private garden & driveway.
Purchased on a bridging loan in 2021 with 2 other properties (ie 3 properties on 1 bridging loan). Acquisition fully funded by a private lender.
Light internal renovation.
We originally tried a "Rent to Buy" strategy with this house however things did not work out so it was let out as a "standard BTL" towards the end of 2021.
Let unfurnished, no white goods.