COMPLETE
This property is located very near the old hospital before it was relocated a mile further back
The royal stoke hospital is a 10 minute walk, but there is a circular bus that goes from old hospital around the new hospital and has great convenience to staff living around hear, or they can drive in park on the old A + E then get the bus from there
This was a Lease Option i had and could of either
- sold as is for 130k
- Sourced renovate / let
- Renovated my self and hold
L/O- £115K Purchase price + £450 option fee
WHAT WOULD YOU DO IN THIS SITUATION, SHARE, COMMENT AND LIKE
What did i do, i will tell you ………
PURCHASE PRICE: £115,000
RENOVATION COST: £90763 ( WAS 81k but unforseens and dormer added)
GROSS RENTAL PA: £31,320
NET RENTAL PA: £13000
ROI: 18%
GDV – client asked for 210k ( i have many comps 225k for 2 storye property this is 3 storey with loft and dormer,id estimate this be upwards of 225k to 235k)
CHECK OUT THE BEFORE AND PHOTOS
First-Floor-Proposed
IMG_0246
