Buy, Refurbish, Rent, Refinance (BRRR)
Skene Square, Aberdeen, AB25 2UP
£80,000 GDV
1 bed flat, purchased in 2021.
Internal renovation required approx £5000.
Let furnished at £450pcm.
Home Report Value (2021) when purchased (pre-renovation) was £65,000.
Description
Type
Buy, Refurbish, Rent, Refinance (BRRR)
Location
Aberdeen
GDV(Gross Development Value)
£ 80,000
Purchase Price
£ 50,000
Costs(Refurbishment & Fees)
£ 8,000
Total Cash Required
£ 20,500
Rent
£ 450
1 bed flat, purchased in 2021.
Internal renovation required approx £5000.
Let furnished at £450pcm.
Home Report Value (2021) when purchased (pre-renovation) was £65,000.