GOODWOOD - 2017

Arnold, Nottingham, NG5

  • Purchase price: £73,000

  • House type: Semi Detached

  • Bedrooms: 3

  • Refurbishment cost including fees: £86,006

  • Total cost: £162,990

  • Revaluation: £185,000

  • Rental: £750 PCM

  • ROI: 13.50%

  • Yield: 5.66%

  • Equity creation: £22,009

  • Time: 28 Weeks

  • Exit Strategy: Sale

  • Refurbishment work involved: Complete new build property once existing building demolished, new foundations, brick and blockwork, lintels , damp proof course, stud walls, thermal & sound insulation, new plaster boarding, new kitchen and bathroom, new staircase, new central heating system, new electrical wiring.

  • Objective: To create a new build that can be sold on the open market with a great return on Investment.

Exit Strategy: Sold

Time on Market: 4 Weeks

Investment Summary

Week 15
Week 15
Week 29
Week 29

Entrance Hallway

Week 7
Week 7
Week 20
Week 20

Ceiling thermal insulation to improve sound and energy rating between walls - Living room

Week 29
Week 29

Kitchen

Week 1
Week 1
Week 4
Week 4
Week 3
Week 3
Week 2
Week 2
1/6

"They consistently carried out my instructions and went over and beyond what was expected of them; right from the first meeting until the sale of the property. And more importantly, they accounted for all expenses incurred on the project."

Michael Pennant - Nottingham 

Watch the end of project review here