Buy, Refurbish, Rent, Refinance (BRRR)
Summerfield Terrace, Aberdeen, AB24 5JH
£80,000 GDV
1 bed flat with communal garden.
Purchased on a bridging loan in 2021. Acquisition fully funded by a private lender.
Full internal renovation including installing gas.
Let unfurnished.
Description
Type
Buy, Refurbish, Rent, Refinance (BRRR)
Location
Aberdeen
GDV(Gross Development Value)
£ 80,000
Purchase Price
£ 39,999
Costs(Refurbishment & Fees)
£ 22,000
Total Cash Required
£ 32,000
Rent
£ 495
1 bed flat with communal garden.
Purchased on a bridging loan in 2021. Acquisition fully funded by a private lender.
Full internal renovation including installing gas.
Let unfurnished.