When searching for a property deal there are various criteria that an investor will look for to ensure that the investment meets their specific needs. Each investor and each investment will have their own key performance indicators, and accordingly have a list of boxes that they will need to have ticked before they decide to purchase a property.
Therefore what we are looking for is subjective, but we think this particular deal will appeal to almost anyone as it achieves a fantastic 37% return on investment making it a unique opportunity given the current volatility in the stock market and such poor interest rates from banks.
So, what makes this deal so attractive? Lets look at the figures:
We purchased the property as a three bed house, refurbished it with a new kitchen and bathroom, turned the living room into a bedroom, added an ensuite bathroom to one of the bedrooms and now rent out the property as four individual bedrooms. This obviously enables us to achieve more rent than if we let is as a single unit - (£1,520pcm instead of £425pcm). However the running costs are higher and management more niche than with a standard BTL.