Clare St was property number 5 for KPG and one of our finest hours of negotiation! Securing a purchase price of £54,500 for a property in prime location for the rental market. A significant refurb was conducted, including ensuites to upstairs bedrooms to provide a 3 bedroom, 3 bathroom property. We secured 3 student tenants for this property quickly providing us with a healthy monthly cashflow. After 6 months, we refinanced the property at a value of £92,500, leaving only a small amount of money in the deal which will be recouped within 12 months of rental income.
|