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Extension and Conversion of a Family Home
in Brixton to Six Individual Units

Property Details

A conversion of a family home in Brixton to six individual units. Each unit has a dedicated electricity supply and meter, council tax liability, and address, and is let on an individual tenancy agreement. Initial cash investment of £247,500 reduced by £91,428 equity release at refinancing with a buy-to-let loan from a leading mortgage bank equates to a £166,072 cash investment. The property is now producing pre-tax profit averaging £3,500 pcm.

Financial Calculations:

Purchase price: £470,000
Final valuation: £640,000
Cash investment: £166,072
Average pre-tax profit pcm: £3,500
Average pre-tax profit pa: £42,000
Cash-on-cash return: 25.29%