Manchester 3 bed house with 2 living rooms
Bids:
Buy and Rent Realestate
Details
Urgent Investment Opportunity in Manchester! , Invest £30,000 in a 50% profit split BRRR joint venture!, Here are the exciting details:, Property: Freehold 3-bed right to buy council property in the M9 area, with the potential to convert into 4 or 5 bedrooms., Purchase Price: £94,550, reflecting a 39% discount from the council. This discount was granted after my mother lived in the property for 9 years. She recently retired and decided to move back to our home country, leaving the property vacant and available for investment. Currently, the property is valued at £155,000, offering an immediate equity gain., Refurbishment: Minimal work needed to achieve full market value., Post-Refurbishment Value:, * 4 bedrooms: £234,000 - £300,000, * 5 bedrooms: £286,000 - £380,000, Rental Income: Guaranteed rental income secured from a housing association, ensuring a stable cash flow post-refurbishment., Funding: The £30,000 investment will be used to secure bridging finance, which will cover both the purchase price and the minimal refurbishment costs. This strategy allows us to leverage our funds efficiently and maximize returns., Council Conditions: The council allows the property to be rented out and refinanced, though it cannot be sold for 5 years to maintain the discount. This condition aligns perfectly with our strategy to rent out the property post-refurbishment., Rental Potential:, * The property is ideally situated near Manchester's city centre and its five universities, making it highly attractive for students and young professionals., * It can be rented out to a housing association for guaranteed income or utilized as a House in Multiple Occupation (HMO) to maximize rental returns., This investment offers a high ROI in a rapidly growing market. The BRRR (Buy, Refurbish, Rent, Refinance) strategy will not only increase the property value significantly but also provide ongoing rental income and the potential for refinancing to pull out your initial investment and potentially more., Why Manchester?, Manchester is a booming city with a strong rental market and increasing property values. The M9 area, in particular, is experiencing significant growth and regeneration, making it an ideal location for property investment., Additionally, this will be a hands-off investment for you. You won't need to manage the property, so there's no added stress on your end. We can put an agreement in place to secure your position and ensure your peace of mind., I’d love to discuss this opportunity further and answer any questions you may have. Given the urgency and the potential for high returns, I believe this is a deal that shouldn't be missed., Please contact me directly at your earliest convenience to secure your place in this venture.
Seller
Jessica
Owner
On website since. 2024
Price: £94550
Jessica
05294656510
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