Key Metrics Showcase of this property
Okus, Swindon
Unlocking Opportunities in Property Investment
In the dynamic world of property investment, strategic planning and execution can turn opportunities into tangible success stories. Here’s how we helped a client achieve their investment goals through a calculated approach to a buy-to-let property purchase.
The Challenge: Finding the Right Deal
We identified a promising apartment listed at auction. The client successfully acquired the property for £103,000. This purchase price set the foundation for a profitable investment.
Buy to Let
| Auction Price | £ 103,000 |
|---|---|
|
Expenditure numbers |
Cash Buy |
|
Auction fee |
£ 6,000 |
|
Stamp Duty |
£ 3,090 |
|
Solicitor fee |
£ 1,635 |
|
Refurbishment |
£ 0 |
|
Total Purchase Cost |
£ 113,725 |
| Cashflow number - Annual | £ 103,000 |
|---|---|
|
Rental |
£ 10,200 |
|
Service Charge |
£ 1,800 |
|
Ground Rent |
£ 125 |
|
Management fee (10%) |
£ 1,020 |
|
Voids & Maintenance (5%) |
£ 510 |
|
Total Cashflow |
£6,745 |
|
Current Gross Yield |
9.90% |
|
ROI |
5.93% |
Buy, Refurbish, Refinance
| Auction Price | £ 103,000 |
|---|---|
|
Expenditure numbers |
Cash Buy |
|
Auction fee |
£ 6,000 |
|
Stamp Duty |
£ 3,090 |
|
Solicitor fee |
£ 1,635 |
|
Refurbishment |
£ 0 |
|
Total Purchase Cost |
£ 113,725 |
| Buy, Refurbish, Refinance | £ 103,000 |
|---|---|
|
Gross Development Value (GDV) |
£ 146,000 |
|
75%LTV |
£ 109,000 |
|
Money left in the pot |
£ 32,275 |
By carefully managing these costs, we ensured the client could stay within their budget while securing a high-potential property.
The Outcome: A Profitable Remortgaging Strategy
After six months of ownership and strategic property management, the client successfully remortgaged the property, unlocking funds to reinvest in their next acquisition. This marks another step in their journey toward building a robust property portfolio.
With the funds now available, the client is ready to explore their next investment opportunity, backed by a proven approach to property acquisition and portfolio growth.
