MACAULAY - 2019
Newark, NG24
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Purchase price: £115,500
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House type: Bungalow
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Bedrooms: 2
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Refurbishment cost including fees: £33,319
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Total cost: £148,820
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Revaluation: £180,000
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Rental: £750 PCM
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ROI: 20.95%
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Yield: 6.05%
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Equity creation: £31,180
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Time: 16 Weeks
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Refurbishment work involved: New lintels installed externally, new stud wall, new plaster boarding, new kitchen and bathroom, brand new central heating system, electrical re-wire.
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Objective: To create a property ideal for the rental market long term.
Exit Strategy: Rental
Time on Market: 4 Weeks
Investment Summary
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