WELCOME FROM
Key Properties UK
Hi guys,
I hope you like this one.
Kind Regards,
Martin
- SKEWEN HALL
- GLYNHIR
Glynhir
This is the old building split into 3 houses that we spoke of earlier. The numbers in my calculations sheets are based on keeping them all or selling them all whereas the plan would be to sell 1 and keep the other two which would be basically free of charge.
Having looked again at the sizes and local comparables I think we will get £115k - £120k for the one we sell which would in the worst case turn the £250k spend for the 3 houses into £135k for 2 houses (£250k - £115k).
With those two houses both worth the same as the one that sold we would get a return of £172,500k with finance at 75% so that's around £30k net profit after legals and taxes etc plus 2 houses that are currently renting for £575 per month each.
A nice cash machine.
Valuation
R.O.CE.
Flip
Equity
Money Left In
Months To 100% Return
Comparables
Rental comparables aren't required as the properties are already rented out.
Refurb Timeline
This one will take 2 - 4 months to split, sell and refinance, no refurbishment required.
