Valentia Road, Blackpool - Sourcing Deal

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This property was sourced on to a client of ours based in Manchester, who wanted to invest in the Blackpool area.

Our client is actually a builder so didn't need access to our build team to carry out the refurb and could reduce the cost of refurb as an added benefit.

The Numbers

Purchase Price: £75,000

Legals: £2,000

Refurb: £13,000

Sourcing Fee: £3,000

Total Investment: £93,000

Refinanced Value: £130,000

75% LTV drawn down: £97,500

Rent: £650

Money Left in: £0 (our client actually got paid £4,500 to purchase and refurb this house)

Return on Investment: INFINITE