If you have £10k that you can spare for 3 months then read on. We have a 2 bed mid terrace property in Oldam – OL8 which requires a reasonable refurb.
This is an exchange with delayed (long stop) completion so you get the benefit of getting the mortgage based on the revised valuation.
This can be a hands off project for you as we have a team of people ready to carry out the works. We estimate there is between 4-6 weeks of work at around £8k.
Once completed, this can be refinanced at 80% and you can pull out your £10k investment. We estimate you will have ONLY £1k LEFT IN the property and it will cashflow a minimum of £150pcm on a standard rental.
Should you prefer we can find you a tenant buyer which will improve these figures dramatically.
Click here to view the property details and more information on how to reserve this deal.
