Two bed house in Freemantle, Southampton
This project would receive a total investment of £60,000 (including deposit) to renovate the property throughout, creating a practical and contemporary two bedroom family home. The cost of renovation would be £10,000. The purchase price of the property is estimated at £135,000. Estimated resale value after renovation would be £175,000 with potential equity release of £25,000 for further investment. The property would command a monthly rent of £750 per month rental income – that would be a net cash flow before tax of £450 per month before tax.
Investment details
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Initial Investment
£50,000
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Return on Investment *estimate
30%
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Rental Yield *estimate
7%