fb

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

  1. sold as is for 130k
  2. Sourced  renovate / let
  3. 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  PHOTOS

THIS PROJECT IS CARPETED JUST AWAITING CLIENT DRESS THIS THEN I WILL UPDATE COMPLETE PHOTOS

UPDATE

Furniture now in place part dressed by client already 3 rooms taken not even fully dressed (SEE PHOTOS)

Download Our Free Investors Brochure Now!

Join the journey today, and get your free brochure by clicking on the "Free Download" button below!

Thanks for downloading the Investor's Brochure!