NORMAN - 2016

Hucknall, NG15

  • Purchase price: £76,250

  • House type: Semi Detached

  • Bedrooms: 3

  • Refurbishment cost including fees: £16,000

  • Total cost: £92,250

  • Revaluation: £115,000

  • Rental: £575 PCM

  • ROI: 24.66%

  • Yield: 7.93%

  • Equity creation: £22,750

  • Time: 13 Weeks

  • Exit Strategy: Rental

  • Refurbishment work involved: Damp proofing, kitchen, bathroom, windows, doors, re-plastering & gas system.

  • Objective: To create a modern finished property ideal to be sold for first time buyers.

     

Exit Strategy: Sold

Time on Market: 9 Weeks

Week 13
Week 13

Garden

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Week 13
Week 13

Garden

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Week 2
Week 2

WC

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Week 13
Week 13

Garden

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Week 4
Week 4

Kitchen 1st Fix

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Week 7
Week 7

Bathroom

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Week 1
Week 1

Bedroom 1

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Week 8
Week 8

Living Room

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Week 13
Week 13

WC

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1/5

Investment Summary

"This is my Investment firm and I will continue to invest year after year"

Michael Pennant - Nottingham