Blue Bella

Work required: Property bought for £55,000. Refurbishment £12,500. Property was in very poor condition, needed re-plastering, electrics updated. New kitchen, new bathroom, re-decoration through out, new gas central heating system, new flooring, gardens landscaped. New back door, new gate at the back. Tenant found straight away for £450PCM. End value in region of £60,000.

Financials

Our client had £30,000 to invest in a property – High Street Bank return of 2% = £600 per annum.

Property sourced and purchased for £55,000

Phase 1 BTL Light Refurbish Mortgage £38,500 (Rate 5.74%)
Mortgage Deposit £16,500
Refurbishment Costs £12,500 (inc Bluebelle fee of 4% £2,200)

Phase 1 Capital Invested £29,000 (£16,500 + £12,500)
Mortgage Re-Valuation post refurbishment (must be completed within 3 months) £80,000
Phase 2 BTL Light Refurbish Mortgage £56,000 (70% LTV)
Release of retained mortgage £17,500 (£56,000 - £38,500)

Phase 2 Reduced Capital Investment £11,500 (£29,000 - £17,500)
Rental Income £450pcm

Gross Yield Return on Capital Invested 47%

Nett Yield Return on Capital Invested 19% (after mortgage payment)

If you would like to learn more about how we can help you achieve exceptionally high yields and build your long term wealth with a secure low risk strategy then please email us or Call on 0121 661 6543 to discuss.