Project Description

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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

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UK • PROPERTY• INVESTMENTS

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