Project

Loughborough LE11, UK

  • 2 bed apartment bought for £132,750 in 2009
  • 2 min walk to Loughborough University campus/ 10 minute walk to town centre
  • Converted to 3 bed student let
  • High demand area – zero voids since 2009
  • Initially let out to two university course mates
  • Then let out to 3 students for £1,200 PCM
  • Interest only mortgage £268 PCM
  • Net profit after costs £750 PCM
  • Remortgaged in 2016 at £160,000, initial deposit taken out
  • No money left in (infinite ROI)
  • Sold for £195,000 (recent uplift in price due to article 4 direction)