Property purchase, Newcastle upon Tyne
Property purchase with the intent to refurbish.
£137k
PRoduct type:
Residential Bridging
Amount funded
12 months
property:
Semi detached house
exit:
Refinance
The borrower is an experienced property owner who has previously bought, renovated and sold properties. He is adding this property to his portfolio as another purchase and will carry out cosmetic improvements, which will increase the value by approximately £70k. The property is a two-bedroom semi-detached house on a cul-de-sac with a decent sized garden. The house is located on the Felling bypass, which allows an easy commute to Newcastle, Gateshead and the A19.
