Aug’18 Purchase price £86,000
Refurbishment including purchase and sale costs £48,000
Aug’19 Sold £160,000
Profit £26,000
House converted into 6 flats – (completion of partial conversion by previous owner)
Purchase price £50,000
Building work £20,000
End value £200,000
Rental income £25,000
We have submitted planning permission to redevelop a block of 16 flats into
25 flats utilising the roof and vacant garage space
Estimated project cost £700,000
Value of the 9 additional flats £1,000,000
Added equity £300,000
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