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Our Properties

Vancouver St, Darlington
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Vancouver St. is a two-bedroom terraced property we purchased in at the start of 2020. The refurb went smoothly and the property was ready by July of that year. The property was actually taken before marketing even kicked off as our letting agent took it himself.

Below you can see the figures for this deal; the valuation after the refurb was set before we began and we are receiving a 17% return on the capital we have left in the property.

  • Purchase Price: £55,000

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Expected Costs

  • Refurbishment Spend: £17,000

  • Project Management: £6000

  • Finance and Legals £3,000

  • Other Fees £800

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  • Total Spend £81,800

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Before

Completed

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Expected Returns

  • Value Post Refurbishment: £85,000

  • Capital Left in:  £18,050

 

  • Monthly Rent £475

  • Net Income £245

 

  • ROCE 17% PA

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© 2020 by Pendennis Axis Property

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