Latest Valuation
£50,000
ROCE
%
Selling Agent
Sourced Wakefield

12% Yield – Fantastic BRR Opportunity in Keighley

In an Excellent Location
Guide Price
£45,000

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Key Features

  • 2 Bed Terrace
  • Buy-To-Let Potential
  • A fantastic BRR opportunity which will leave very little of your money behind upon refinance
  • In an excellent location close to good schools, local ammenities and the local hospital
  • On-street parking
  • Rear garden

The Property

Sourced are proud to present this 2 bedroom, end of terraced property located in the popular area of Keighley.

This property has been secured and is in need of modernisation. The builder is in place for the refurbishment and details can be passed on when needed.

The whole Buy, Reburish, Refinance cycle would complete in approximately 4-6 months.

This property is ideal for a cash purchase and after you refinance, you would look to pull most of the investment back out to then recycle onto your next purchase.

Project management of the refurb can be done at an extra cost of £1,000 as a builder is in place ready to do the refurbishment.

The Financials:

• Purchase price: £45,000
• Refurb costs: £7,000
• GDV: £70,000
• Rental income: £5,400 pa
• Sourcing Fee: £4,000
• Yield: 12%

• Tenanted: No
• Title Info: One Title
• Tenure: Freehold

Planning Information

N/A

The Plan

The aim of this property is to add a substantial amount of value for a minimal refurb cost.

The primary goal is to modernise this property and turn it into an attractive asset, that will make tenants want to make your house their home.

The Location

The property is perfectly located between 2 prestigious schools.

Another attractive factor to this property is that it is on a great bus route, which is a 5 minute journey to Keighley bus station, that has bus routes across West Yorkshire.

For any drivers, the property has on-street parking and direct road access to Skipton bypass.

The property is located just out of the town centre of Keighley and is a short walk from one of Keighley’s main attractions.

It is a 20 minute walk into the Town Centre and is an even shorter distance from food shops.

It should also be noted that this property is a short walk or bus journey away from Keighley College and Keighley train station, which has bus routes stemming to Leeds and Bradford.

The property is also a 7 minute drive from Airdale hospital opening up to a variety of tenants.

Average estimated value for a house in BD20

£

Zoopla Stats - https://www.zoopla.co.uk/market/bd20/?q=BD20%206AH