Buy Refurb Refinance Rent (BRRR)
Property Details
Investment Strategy – Buy Refurb Refinance Rent (BRRR)
Property Description – 3 Bed Detached Villa with single detached garage
Location – Cumbernauld, Glasgow, G67 4LF
Scope of Work: –
• Complete strip out including electrics, heating system, floors, skirtings, facings, doors, kitchen and bathroom
• Alterations to move Bathroom to 1st floor to create open plan Kitchen / Dining / Lounge area
• Addition of ground floor shower room
• Addition of external French doors to rear
• Installation of new electrics, heating system, floors, skirtings, facings, doors, kitchen and bathroom
• Plasterwork and Decoration throughout
• New roof and door to the garage
• External tidy up
Value Added: –
• Complete refurbishment
• Creation of modern open plan living
• Alterations to improve layout
• Introduction of shower room
Key Financials
| Purchase Type | Off-Market |
| Purchase Price | £104,000 |
| BMW | 38% |
| Stamp Duty | £4,160 |
| Legal Fees | £1,000 |
| Deposit | £0 |
| Total Acquisition Costs | £5,160 |
| Refurbishment Costs | £43,500 |
| Total Investment | £48,500 |
| Estimated EMV | £210,000 |
| Actual EMV | £220,00 (+5%) |
| Net Profit | £67,500 |
| ROCE | 139% |
| RE-FINANCE | |
| Buy to Let Mortgage (75% LTV) | £165,000 |
| Equity Release | £55,000 |
| Investment Return Period | 12 months |
| Monthly Rent | £1300 |
| Gross Yield | 8% |
BEFORE
AFTER
EXISTING LAYOUT
NEW LAYOUT
