Sometimes a picture is worth a thousand words. Norman Quin Developments and Homes Under the Hammer crossed paths in 2010. The short clip below is an example of what the company does.
The Property was sourced and purchased for £36,000 in 2010. It was fully refurbished in 8 weeks, which included replacing the kitchen and bathroom. The capital cost of the renovation cost £5,200. The property is valued at £60,000 - £65,000 (Dec 2016 – 180% growth – on purchase price).
The house achieves an average annual rent of £6000 which equates to a gross rental yield of 16.5% (on initial purchase price).