BRR; Havant, Hampshire
This BRR (buy, refurbish & refinance) opportunity was bought in 2020 during lockdown. It has been lightly refurbished and in 2023 was valued at £270k, a 31% increase.
This three bedroom property is close to bus links and Havant town centre. The rental market in this particular area is strong and achieves yields of 6-8%, higher than the county average (according to property xyz). There is a nice sized garden with woodland to the rear, an outbuilding and off street parking at the front, as well as a large loft space with potential to covert to a fourth bedroom with en suite.
Purchase Price:
£206,000
Latest Valuation:
£270,000
Rental Value:
£1,250 pcm
RP Property & Lettings 