Project

West Boulevard, Birmingham, B32, UK

How we went from this…

to this. Offered £175k by a buyer in Dec 2017, but we declined.

Year 2017

• Purchase price 130k. Refurb + other expenses = 32,895.
• Mortgage = 97,500.
• Money left = 65,395.
• Total money in = 162,895.
• Mortgage interest 3413 pa (3.5%).
• Net profit 9884 pa.

Year 2019

• Valuation 200k.
• Equity created = 102,500.
• Remortgage 150k.
• Money left in from year 2019: 12,895.
• Mortgage interest at 4% = 4,100.
• Net profit = 9,196 pa.
• Internal Rate of Return = 38.87%.

Year 2021.

• Valuation 230k.
• Equity created 80k, previously only 12,894 money left behind 2019.
• Internal rate of return 201.07%.

Video

Gallery