Property Details
This was a larger than average three-bedroom terrace house with a lovely rear garden and a front-drive for off-street parking and solar panels installed on the roof.
The property was sympathetically refurbished to a modern standard to bring it back to life.
On the ground floor, the property consisted of a porch area, a walk through the hallway, a large lounge, a dining room and a large kitchen.
On the first floor, the property consists of a landing area, three bedrooms ( option to create a fourth bedroom ) and a bathroom
Investment Proposals
Based on other recent investment refurbishment Projects within the nearby streets, this property offered a good Flip or BTL investment with refurbishment works costing approx £38,000.00 and a rental income of £625 PCM
Investment Potential
- Asking Price: £84,950.00
- Purchase Price: £77,000.00
- Legal Fee: £750.00
- Stamp Duty: £2,310.00
- Sourcing Fee: £3,600.00
- Estimated Refurbishment Cost: £38,000.00
- Project Management Fee: £2,600.00
- Total Acquisition cost: £124,260.00
The Property was Refurbished to a Modern Four Bedroom Family Home and Sold for £172,000.00 creating a profit of approx.. £48,000.00
