Buy, Refurbish, Rent, Refinance (BRRR)
Union Street, Aberdeen, AB10 1TS
£135,000 GDV
1 to 2 bed flat conversion, with private car park.
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.
Full internal renovation…
Description
Type
Buy, Refurbish, Rent, Refinance (BRRR)
Location
Aberdeen
GDV(Gross Development Value)
£ 135,000
Purchase Price
£ 52,000
Costs(Refurbishment & Fees)
£ 30,400
Total Cash Required
£ 43,400
Rent
£ 650
1 to 2 bed flat conversion, with private car park.
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.
Full internal renovation including roof repairs & damp proof course. Kitchen relocated to living room to create a 2nd bedroom.
Let fully furnished as a high end corporate let.