Recent projects completed – finance & profit
Small Investment Example
- Agreed price £33,000
- Refurb fees £5,000
- Solicitors fees £2,000
- Total spend £40,000
- Market value £60,000
- Sold for £54,000
- Profit of £14,000 30%
return in 3 months
Larger Investment Example
• Agreed price £200,000
• Refurb fees £20,000
• Bridging fees £4,000
• Stamp duty £7,500
• Solicitors fees £1,000
• Total spend £233,500
• Market value £300,000
• Profit of £66,500
• 28% profit in 6 months
HMO 9 bed
- Total spend £233,500
- Market value £300,000
- Bank lend 75% = £225,000
- Loan off bank 25 years interest and capital
- Rental income 9 rooms x £400 pm = £3600
- Repayment amount £1050 per month insurance and letting agent fees £450 per month
- Utilities per month £600
- Total income £1500 per month.
- £8,500 left in after 9 months have it back in profit
I was planning on purchasing one property with my budget and was introduced to Kieran, he managed to help me turn a plan to purchase one property into a portfolio of 6 properties within 18 months.
Ben CullenOur project was completed to a high standard and on price. Errors in the design were quickly picked KM Properties advised on improvements to the design and only billed when phases were completed to satisfaction.
Mark HugesKieran helps me source, refurbish and refinance my first HMO now we are currently looking for our second venture together as I was able to reuse all my money again.
Marcus MurrContact Us
Contact Details
You can also contact us via email or telephone, we have a Facebook and Instagram page also if you would like to keep connected.
Email: info@kieranmaloneproperties.co.uk
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Turning The Property Dream Into Reality