5-bed House Renovation in Margate
Net yield 7.0%.
We found a neglected 6 bedroom house whose owner was unable to maintain such a large property and who had been let down by builders promising to refurbish the property. She had taken out a loan for the work and was worried about paying it back.
We purchased the property within weeks, allowing her to pay off her loan and love into a fully renovated flat nearby.
We then invested over £70,000 to bring the property back to a high standard 5-bed. It is currently let to a family on an open ended lease.
One of our maintenance workers nearly fell into the pool which popped up overnight after a hot summer’s day.