Purchase Price

£26,000


Refurbishment Cost

£12,000


New Valuation Price

£65,000


Monthly Rental Value

£450


Western Road, Kilmarnock


This two bedroom property in Kilmarnock was sourced off market through one of our online marketing channels and presented to our investor buyer. The property required a significant amount of refurbishment and was initially intended as a long term hold.

After the completion of works and in consultation with us, the buyer decided to sell this property and invest with us in another development opportunity.

Had they held the property they would have realised a gross rental income of 14.25% after works – in the event the sale brought them a profit of £27,000 –  a return of over 70% on capital deployed within a six month window.