This probate purchase was secured for £40,000 as a quick, cash deal via a direct-to-vendor campaign. Located in a high-demand area of Middlesbrough, close to the hospital, it offered multiple exits: buy-to-let, flip, or serviced accommodation. The property was completely derelict and had even featured in local newspapers, as it was hidden by trees for nearly 30 years.
3 Bed BTL
Middlesbrough
Property Breakdown
Property Information
Refurbishment
A full back-to-brick internal refurbishment costing £30,000, which included external landscaping too consisting of cutting down the trees, landscaping, and adding a new driveway.
Result
Revalued at £130,000 and now generates £900 per month in rent, providing almost £450 per month in net profit. Delivered through our full sourcing, refurbishment, and lettings service.
Financial Breakdown
£39999
Purchase Price
£30000
Refurbishment
£2000
Additional Fees
£39999
Total Cash Investment
£130000
GDV (End Value)
£10800
Rent PA
£4800
Cashflow PA
£0.00
Money Left in Deal
∞
Return On Investment
Project Portfolio
Take a look at some of our other completed projects.
