Dudley Drive
West End, Glasgow
Our Saudi Arabia based clients have been building their property portfolio for a few years now. Their aim is to have income in retirement and leave a legacy for their grandchildren.
This particular property required a full renovation at the time of sourcing. The program included completely stripping out the property, installing a new kitchen, bathroom, central heating system and then full décor, flooring and furnishing.
Here are the numbers:
Purchase Price: £215,000
Refurbishment: £37,120
Rent: £1,650 per month
Yield: 7.9%
Refurbished Value: £265,000
Total outlay (cash investment): £284,472
Total Outlay (with lending at 75% LTV): £126,972
*outlays include all legal costs, fees, LBTT & furnishings
Watch our before and after video showcasing the remarkable transformation transformation of this property.
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