274 Bursledon Road, Southampton SO19 8ND
This project received a total investment of £80,000 (including deposit) to renovate the property throughout, creating a practical and contemporary two bedroom family home. The cost of renovation was £20,000. The purchase price of the property was £149,000 and it has been valued recently at £200,000. There is scope to re-mortgage the property by up to £30,000 for future investment. Currently the property commands £850 per month rental income – that is a net cash flow before tax of more than £500 per month.
Investment details
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Initial Investment
£80,000
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Return on Investment *estimate
25%
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Rental Yield *estimate
6%