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Our Properties

Dodds St, Darlington

Dodds St. is a three-bedroom terraced property with two reception rooms that we purchased in 2019. It took just two months to complete a full refurbishment of the property. Our local agent marketed the property, and they had a tenant within 24 hours.

Below you can see the figures for this deal; we were disappointed with the revaluation, which unfortunately fell during the turmoil at the end of 2019. However, a 12% return on the capital we have left in the property is still a success. 

  • Purchase Price: £50,000

  • Refurbishment Spend: £11,200

  • Project Management: £5,400

  • Finance and Legals £2,660

  • Other Fees £620

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  • Total Spend £69,880

Before

  • Value Post Refurbishment: £67,000

  • Capital Left in:  £19,630

 

  • Monthly Rent £425

  • Net Income £195

 

  • ROCE 12% PA

After

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© 2020 by Pendennis Axis Property

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