In this Deals, Deals, Deals Podcast Series, we go Behind the Scenes on some of the UK’s most Creative, Lucrative and Award-Winning Deals 🤩

 

Chris McDermott joined Property Entrepreneur last year and he and his wife, Cat have been able to leave their corporate jobs to focus on their property portfolio and their young family. 

 

They have transitioned their portfolio from renting to working tenants to getting leases and guaranteed rents to provide better and more consistent returns.

 

We discuss Chris’s background, his portfolio and then deep dive into this latest project: how he found the property off market, the terms agreed, the planning gain and lease whilst also adding value to the property.

 

The headline numbers are:

 

Purchase Price

£220,000

Costs (Fees, Refurb, Finance)

£95,767

Total Costs

£315,767

   

B&M Revaluation

£330,000

Mortgage

£247,500

Land & Rental Profits

£54,500

Cash Left In

£13,767

   

Annual Profit

£23,006

ROCE

167.11%

   

Commercial Valuation

£455,000

Mortgage

£341,250

Revised Cash Left In

-£79,983

   

Annual Profit

£17,381

ROCE

-21.73%

 

 

 

Want to contact Mark or his guests?

 

www.thepropertybrokerage.co.uk

[email protected]

 

Chris McDermott

 

https://www.instagram.com/n.w.living/

www.nwliving.co.uk

 

NW Supported Living

https://www.instagram.com/nw_supported_living/

www.nwsupportedliving.co.uk

 

 

 

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