388 - Deal Deals Deals with Jules Copsey

£145k Added Value & £1,800 a Month Cash Flow: Jules Copsey's Semi-Commercial Deal

Just £14,000 left invested after refinancing, with an eight-month payback from rental cash flow.

In this episode of Property Entrepreneur's Deals, Deals, Deals, Mark Barrett welcomes Jules Copsey, someone he has known for 10 years, to share her journey into property and the numbers behind her semi-commercial deal in Chorlton.

Based in South Manchester and a mother of two sons, Jules previously worked in fashion and sportswear, both for multinational businesses and through her own brands. She began her property journey in 2017, invested in her education and went on to help others build their portfolios through design-led projects focused on strong cash flow. She started building her own portfolio in her 50s.

The deal Jules bought the property off-market on Barlow Moor Road, Chorlton, Manchester for £270,000. She refurbished the ground-floor shop and secured a commercial lease for six years and 11 months, with a three-year break clause, to a Pilates studio. Upstairs, she let the three-bedroom accommodation to three friends on one joint tenancy.

Purchase, purchase costs and refurbishment came to around £385,000. With a further £50,000 in finance interest and fees, the total cost was around £435,000 against a valuation of £580,000, which is approximately £145,000 of added value above the total spend.

After refinancing and paying all finance costs, Jules had just £14,000 left invested. At the reported net cash flow of £1,800 a month, that remaining investment could be recovered in approximately eight months.

The key numbers •        Purchase price: £270,000

•        Purchase, purchase costs and refurbishment: around £385,000

•        Finance interest and fees: £50,000

•        Total project cost including finance: around £435,000

•        Valuation: £580,000