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Mel House
















YO18 8QA
6 Unit Converted Farm
Headline Numbers
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Size (Number of flats/studios, etc) : 6 Units
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Purchase Price : £1,250,000
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GDV : £1,954,396
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Cash Required : £280,000
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Cash Left In : £280,000
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Equity Created : £404,000
Overview
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Currently arranged as the owners home with four cottages, a fifth under construction
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Picturesque village location
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Outdoor games area including pool table, private garden with a large pond, cleaning shed, laundry room and gym, and ample parking
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Option to acquire a substantial plot of land with potential for log cabins for an additional £100,000 (Not included in our numbers)
Plan
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Split titles (x6)
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Tenant at full market value
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Begin refinance
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Complete refinance
Planned Timescale - 6 months.
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