Purchase price: £83,750.
Renovation: £20,000
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.
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.
Sale price: £150,000
The total profit for the client was: £34,957