Purchase price: £83,750.
Renovation: £20,000
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This property is 2 Bedroom First Floor Flat. It was in need of modernization.
The flat was initially put on the market back in March 2019 with a home report value of £120,000. It was secured for 30% below market value.
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It was sold to an investor client for a fee and the renovation project was managed for the client who wasn’t local giving a hands-off experience.
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Sale price: £150,000
The total profit for the client was: £34,957