Project
Langley Walk, Birmingham City Centre, B15, UK
- 2 bed apartment bought in 2015 for £160,000 with 25% deposit (75% LTV)
- Located in Birmingham City Centre with added bonus of off-street parking (rare in city centre)
- Let to professional couple at £1195 PCM
- Interest only mortgage £285 PCM
- Net profit after costs £655PCM
- In the process of remortgaging at £220,000
- Planning to release enough equity so there is no money left in (infinite ROI)
