14 Elizabeth St, Blackpool
This property is a 2 bedroom terraced flat converted into 2 self-contained apartments. Refurbishment of the interior was necessary (4 week refurbishment period) and the property was quickly tenanted.
PURCHASE DATE |
26/08/2016 |
SALE PRICE |
£66,000 |
REFURBISHMENT COST |
£14,000 |
END VALUATION |
£110,000 |
The flats pull in a modest £90 and £95 per week, which is enough to cover expenses and provide a cash flow.
INCOME |
£485 |
MORTGAGE PAYMENT |
-£219 |
LETTING FEES |
-£58 |
MAINTENANCE COSTS |
-£49 |
PROFIT |
£159 |
Passionate – Dedicated – Professional
