Examples of our past projects.
Property 1
Thornaby, Middlesbrough TS17
3 bedroom end terrace
Strategy - Buy, refurbish, refinance (BRR) and let
Purchase Price £56,000
Refurbishment £15,000
Stamp Duty £1,680
Legal Fees £1,200
Total Cost £73,880
Done Up Value (DUV) - £90,000
Refinance mortgage 75% loan to value (LTV) - £67,500
Money left in deal - £6,380
Yearly gross rental income - £6,000
Mortgage payments @ 3% - £1,912
Management (plus VAT) - £660
Yearly gross income - £4,088
Gross Yield - 7%
Yearly Gross Return on Capital Invested (ROCI) - 64%
Property 2
Bootle, Liverpool, L21
2 bedroom mid terrace
Strategy - High yield buy to let
Purchase Price £54,000
Refurbishment £0
Stamp Duty £0 (2015)
Legal Fees £1,000
Total Cost £55,000
Done Up Value (DUV) - N/A
Mortgage 75% loan to value (LTV) - £40,500
Money left in deal (deposit) - £14,500
Yearly gross rental income £5,700
Mortgage payments @ 3% - £1,211
Management Costs (plus VAT) - £684
Yearly gross income - £3,805
Gross Yield - 11%
Yearly Gross Return on Capital Invested (ROCI) - 26%
Property 3
Stainforth, Doncaster, DN7
3 bedroom terrace
Strategy - No money down buy to let (2007)
Purchase Price £125,000
Refurbishment £0
Stamp Duty £0 (2007)
Legal Fees £1,000
Total Cost £126,000
Done Up Value - N/A
Mortgage 100% loan to value (LTV) - £125,000
Money left in deal (deposit) - £0
Yearly gross rental income £5,700
Mortgage payments @ 2.5% - £3,125
Management Costs (plus VAT) - £684
Yearly gross income - £1,891
Gross Yield - 5%
Yearly Gross Return on Capital Invested (ROCI) - Infinite % (no money invested)
