BTS in Southport, Renovation Project
About this property
The proposed strategy is to acquire the property, complete the planned improvement works and sell it on the open market. The projected return depends on purchase terms, delivery costs, programme timing and the achieved resale value.
The seller is very motivated.
This property requires renovation to maximise it's returns, therefor being sold as a renovation project.
Financial Information
Current value: £130,000
Purchase price: £130,000
Purchase costs: £91,360
Refurb/works cost: £30,000
Sourcing fee: £5,000
GDV: £220,000
Investment required: £91,360
Investment calculators
Need finance? Sourced Financial Services specialise in HMO mortgages and can secure same-day decisions in principle.
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.