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.
Purchase Price: £75,000
Sourcing Fee: £3,000
Total Investment: £93,000
Refinanced Value: £130,000
75% LTV drawn down: £97,500
Money Left in: £0 (our client actually got paid £4,500 to purchase and refurb this house)
Return on Investment: INFINITE
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