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