We bought a derelict Methodist church in Moorsholm Village that isn’t too far away from the likes of Whitby, Saltburn and Redcar.

 

Due to its prime location, this holiday let is aimed at people who enjoy walking along the Yorkshire Moors.

 

Financial Figures:

 

Purchase price: £100,000

Fees: £30,000

Legals: £1,000

Refurb: £270,000

Total costs: £401,000

 

Estimated GDV: £650,000

Rental Income: £100,000  pa