Project Description
14 Elizabeth St, Blackpool
This property is a 2 bedroom terraced flat converted into 2 self-contained apartments. Refurbishment of the interior was necessary (4 week refurbishment period) and the property was quickly tenanted.
PURCHASE DATE
26/08/2016
SALE PRICE
£66,000
REFURBISHMENT COST
£14,000
END VALUATION
£110,000
The flats pull in a modest £90 and £95 per week, which is enough to cover expenses and provide a cash flow.
INCOME
£485
MORTGAGE PAYMENT
-£219
LETTING FEES
-£58
MAINTENANCE COSTS
-£49
PROFIT
£159
