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)
