BMV BTL in Bournemouth

The proposed strategy is to acquire the property and let it to tenants for consistent rental income and longer-term capital growth. The figures should be reviewed alongside local demand, expected running costs and finance terms.
The agent believes this property is being sold at a discounted price, below the open market value.
This deal can generate high cashflow.
The agent suggests this deal has great value-uplift potential.

Bournemouth - BRRR Opportunity
Existing BMV property offering instant added value following refurb
Location: Bournemouth BH5 – Popular Rental Location close to all amenities
Would suit young professionals, students or families
Ground Floor Flat (vacant)
Approx. 60 sqm, well-proportioned layout with separate kitchen
Short walk to local amenities
Communal Outside space
Leasehold – 138 Years remaining
Ground Rent: £ 50 PA
Service Charge: Approx. £1500 PA

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Financial Information
Current value: £100,000
Purchase price: £100,000
Purchase costs: £16,350
Refurb/works cost: £20,311
Sourcing fee: £3,500
GDV: £150,000
Monthly profit (£): £541
Annual profit: £6,502
Monthly rent: £1,250
Annual rent: £15,000
ROCE (%): 22%
Yield: 10%
Money left after refinance: £29,870
Investment required: £52,059