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Flip Project – Completed 2016

    Home Case Studies Flip Project – Completed 2016

    Hythe Road, Ashford was a Victorian three bedroom semi detached property. It was in need of complete refurbishment and our goal with this project was to refurbish and sell or flip the property.

    This property was a complete mess. There was damp and we needed to re-plaster the whole house. We acquired the property in December 2015 and the work started very soon afterwards. It started with a complete “rip out” and then we had to take care of the damp problem and get the plastering done.

    The outside of the house was not a lot better than the inside. There was a rotten conservatory which we replaced and the garden was in an awful state. Inside we installed a new kitchen and bathroom, a new heating system and double glazing throughout the property.

    Our amazing contracting team worked tirelessly on the project and completed it fast. There was a total transformation of this house as you can see from the before and after photographs. It did not take long to sell this property once the work was complete.

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    Here are the project financials

    Costs Summary
    Purchase Price: £200,000
    Refurbishment Costs: £28,665
    Buying and Selling Costs: £7,502

    Total Costs: £236,167

    Sold Price
    Value: £270,000

    Investment Returns
    Profit: £33,833
    Profit on Cost: 14.5%

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    Creative Property Group
    Letraset Building, Wotton Road, Ashford, Kent, TN23 6LN

    Phone Number
    0800 488 0027

    Email Address
    [email protected]

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      • About CPG
      • Our Guarantees
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    Land Acquisition and Property Development Company | Creative Property

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