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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

£330k - £375k

R.O.CE.

96%

Flip

26%

Equity

£71.5k

Money Left In

£11k

Months To 100% Return

0

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.