Overview
- Updated On:
- February 27, 2023
Description
We did a conditional exchange of contracts on a vacant shop in January 2020 subject to getting planning permission for a single dwelling at the back of the shop. We reduced the overall shop footprint and added a big extension at the back of the shop.
In April 2020 we secured planning for a two-bed, two-bathroom flat in April 2020 and we will be completing contracts in July 2020.
Financial summary
- Purchase price: £320,000
- Legal fees: £5000
- Professional fees: £5000
- Building quote: £130,000
- GDV: £615,000
- Refinance: £430,000
- Cash left in: £30k
- Rental income: £33k per annum
- Return on cash left in: 100%
Videos
Other Address
Address : 47 cottage grove, Surbiton KT6 4JH
Country: United Kingdom
Property Id : 19499
$ 1.00
per month- Principal and Interest
- Property Tax
- HOA fee
$ 0.00
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