Go Back

BRRR Opportunity: 1-Bed House in Barnsley (Example Listing)

£40,000.00

0 (0 Reviews)

Step-by-Step Breakdown:

1. Purchase

Asking Price: £55,000
Purchase Price: £40,000
Stamp Duty (if applicable): £0 (first property or under SDLT threshold) or £1,560 (standard rate).
Legal/Other Fees: ~£2,000
Total Purchase Cost: ~£42,000

2. Refurbishment

Estimated Refurbishment Costs: £15,000
- New kitchen and bathroom
- Modern redecoration (paint, flooring, etc.)
- Potential landscaping or minor structural fixes

3. Rent

Expected Monthly Rent (Post-Refurb): £650-£700
Annual Rent (Midpoint): £8,400

Key Figures:
Asking Price: £55,000
Purchase Price: £40,000
Refurbishment Costs: £15,000
Total Investment: £55,000
GDV (After Refurb): £95,000
Equity Created: £40,000

Review

Login to Write Your Review

There are no reviews yet.