BMV BRRR in Bishop Auckland
About this property
BMV BRRR in Bishop Auckland
Victoria Lane, Coundon, Bishop Auckland, DL14 8NN
▪ Agreed Purchase Price: £46,500
▪ Conservative Market Value: £75,000
▪ Rightmove Valuation: £90,000
▪ Zoopla Valuation: £90,000
2 Bed Terraced House
- 1 Bathroom
- 89 sqm
- Freehold
▪ Refurb Required: Approx. £10,000
▪ Rental Expectation: £550 PCM
▪ Gross Yield: 8.8%
INVESTMENT BREAKDOWN
▪ Purchase Price: £46,500
▪ Stamp Duty: £2,325
▪ Survey: £500
▪ Legals: £1,500
▪ Sourcing Fee: £3,000
▪ Refurb Budget: £10,000
▪ Total Investment: Approx. £64,000
Ideal for BRRR investors, portfolio landlords and cashflow-focused buyers.
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Speak to a brokerAssumes English SDLT rates and 3% additional property surcharge. Welsh LTT and Scottish LBTT differ. Always confirm with your solicitor.
Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.