Durham Road
Project Gallery
Project Overview
This 2 bedroom mid-terraced property was purchased off-market from a landlord who was selling properties to fund their retirement. It was acquired for £60,000, with an existing market value of approximately £80,000 at the time of purchase. The property was already tenanted at £500 per month. This rental income is set to be increased to the market rate of approximately £600 per month in due course. This project represents a strong example of a discounted, high-yielding buy-to-let investment opportunity.
Financial Breakdown
Investment Details
- Purchase Price: £60,000
- Refurbishment Cost: £0 (Tenanted Purchase)
- Total Investment: £60,000
- Total Investment + SDLT + Legal Fees ± Auction Fees
- Current Market Value: £80,000
Rental Performance
- Current Rental Income: £500 per month
- Projected Market Rent: £600 per month
- Self-Catering Potential: £2,000 per month (Gross)
Strategy Used
- Off-market discounted purchase
- Tenanted buy-to-let investment
- High-yield income strategy
- Rental uplift potential
Results & Outcome
This project demonstrates the strength of acquiring below-market value, income-producing assets. With immediate rental income in place and scope for rent increases, the property provides strong yield performance alongside built-in equity from day one.
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