Buy, Refurbish, Rent, Refinance (BRRR)
Raeburn Place, Aberdeen, AB25 1PP
£90,000 GDV
1 bed flat in immaculate block with communal garden & spacious basement.
Purchased in 2021. Acquisition fully funded by a private lender.
Various issues with the renovation caused the development cost to almost double.…
Description
Type
Buy, Refurbish, Rent, Refinance (BRRR)
Location
Aberdeen
GDV(Gross Development Value)
£ 90,000
Purchase Price
£ 58,500
Costs(Refurbishment & Fees)
£ 19,500
Total Cash Required
£ 78,000
Rent
£ 525
1 bed flat in immaculate block with communal garden & spacious basement.
Purchased in 2021. Acquisition fully funded by a private lender.
Various issues with the renovation caused the development cost to almost double. Anticipated £475-495pcm rent however it let very swiftly for £525pcm.
Let fully furnished.