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Bristol BRRR Project
BS23 2BS, North Somerset
£92,000
Purchase price
£92,000
Monthly income
£800
ROCE
16%
Gross yield
8%
About this property
Off Market BRRR Project for a flat in Bristol.
Seaside property, with great demand for tenants in local area.
Financial Summary
Purchase Value: £92,000
Purchase Costs: £6,600
Refurb: £15,000
Sourcing Fee: £3,000
GDV: £125,000
Annual Profit: £3,963
ROCE: 16%
Yield: 8%
For further information, get in touch.
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Assumes English SDLT rates and 3% additional property surcharge. Welsh LTT and Scottish LBTT differ. Always confirm with your solicitor.
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Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.