Toronto Avenue, Blackpool

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This 3 bedroom terraced property in Bispham, Blackpool was the first sourced property deal by C&W Homes.

Sourced onto a Manchester based client who wanted to invest in the area.

Our Blackpool based build team carried out the refurbishment works.

The Numbers

Purchase Price: £71,250

Stamp Duty: £2,138

Refurb: £16,000

Legals: £2,000

Sourcing Fee: £3,000

Total Investment: £94,388

Revaluation: £110,000

75% LTV drawn down: £82,250

Money Left in: £12,138

Rent: £600pcm

Cashflow: £240pcm

Return on Investment: 24%