Romain invested in Rochefort from a distance
How do you turn a house into a profitable flatshare in Rochefort? Romain bought a four-bedroom house with an annexe, listed at €245,000, for €210,000. About €70,000 of works will create four bedrooms in a flatshare and a mini-studio, for €2,300 to €2,500 of estimated rent and €100 to €200 of cash flow a month.
Romain’s house in Rochefort
BeforeProjection
Before
BeforeWhat Romain had to overcome from a distance
FinancingA loan designed around the works
Romain secured a loan of up to €309,000 at 3.15%, with an 18-month deferral to get through the works. The monthly repayment is no more than €1,800.
LettingFour bedrooms and a mini-studio
Romain is betting on a flatshare: four bedrooms in the house and a mini-studio in the annexe. Rent is estimated at €2,300 to €2,500 a month, for cash flow of €100 to €200 a month.
Renovation worksAn annexe to convert
The quote came to €90,000. The works are now estimated at about €70,000, including turning the annexe into a mini-studio. The works are under way.
How Romain is investing in Rochefort from a distance
Rochefort
A four-bedroom house with an annexe
Romain found a four-bedroom house with an annexe in Rochefort, Charente-Maritime. Listed at €245,000, it was bought for €210,000.
The loan
Up to €309,000 at 3.15%
He secured a loan of up to €309,000 at 3.15%, with an 18-month deferral. The monthly repayment is no more than €1,800.
The works
About €70,000 instead of €90,000
The quote came to €90,000; the works are estimated at about €70,000. The annexe becomes a mini-studio.
Today
The works are progressing
The works are under way. Once finished, the house will hold a four-bedroom flatshare and a mini-studio, for €2,300 to €2,500 of estimated rent and €100 to €200 of cash flow a month.
“Simple, effective and high quality, it lets us take the step into investing while feeling reassured and well trained.”
Romain, Trustpilot review
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