Case Studies
Retained to Buy
BENTINCK STREET Sutton
3 Bed Terraced House
Sold to Relocate to Scotland
Bought: £53,500
Valued: £72,000
Rental Income: £475pcm
Equity: £13,500
Bentinck Road was bought on behalf of an investor to build his portfolio. The property was on the market at £59,000 and we secured the property at £49,000 and the client paid a £5,000 + VAT procurement fee.
Buy, Rent, and Hold
10 Commercial Road, Bulwell, Nottinghamshire
Bought as unoccupied Retail unit, with two flats
one occupied, and the other requiring complete
refurbishment.
Purchase Price of unit: £120,000
Legal Expenses: £1,500
Refurbish Flat 1: £4350.00 inclusive
Refurbish Flat 2: £8200.00 inclusive
Rental Incomes – After completion of works
Shop: £10,000.00 + VAT pa
Flat 1: £4260.00 pa
Flat 2: £5100.00
Total Rental Income: £19,360.00
Revaluation of property: £275,000
Potential Sales Value: £250,000 to £275,000
Potential Minimum Gross Profit: £115,000
Buy to Sell
9 Nicholson’s Row, Shirebrook, Mansfield.
Fast required due to a ‘Broken Chain’
Purchase Price: £92,500
Sale Price: £105,000
Valuation: £125,000
Profit after fees £10,550
The rational of selling to an investor is to sell quickly. Many of the properties bought to sell to end user (retail) tend to take anything up to three months. After paying out interest and not knowing for certain the buyer will ‘fall out’, investors tend to be quicker, more commercial about there operations and the opportunity of buying property with equity means everyone wins in the deal.
Buy Land and Develop :
Grange Court, Grange Street, Derby
The site was bought without planning permission for
£250,000 and consisted of 4 Large Town houses.
However we spoke to planners before proceeding
with the purchase to ensure the opportunity of planning.
The site is approximately 0.2 acres.
Planning was sought for 14 two bedroom flats – the final
planning consent was for 10 two bed flats and 2 one bed
flats. The site was revalued at £330,000.
Cost of site development:
Total Cost to develop including finance, legals and
marketing costs £750,000.
Sales Value: £1,440,000
Total Gross Profit from Site: £440,000
Buy Refurbish and Rent
Newgate Lane, Mansfield
Shops and Offices - No planning at site.
Planning obtained for 4x2 bed flats , 1x3 bed and
1x1 bed flat
Purchase Price: £85,000
Refurbishment Costs: £265,462
Valuations
1x3 Bed £110,000
4x2 Bed £90,000
1x1 Bed £75,000
Total £545,000
Gross Profit £195,000
Rental £2,700pcm