Here we are again with another successful property investment project to inspire you. When we took on this two bedroom house it could be best described as “in a mess”. But when you have the right motivation and the best team of contractors working with you, then transforming the property into a place that everybody wants to buy is not a problem.
That is exactly what happened with the property that we purchased in Weavers Way, Ashford. The house was initially purchased in July 2015 and we sold it for the asking price in January 2016. This was a full refurbishment project that included a new kitchen, a new bathroom, re-plastering, a full garden makeover and total redecoration.
The refurbishment work was completed only five weeks after the property was purchased and two weeks after the property was put on the market it was under offer at the asking price. Here are the all important numbers for the Weavers Way project:
Purchase Price was £135000
Refurbishment costs £13858
Buying Costs £1500
Selling Costs £2000
Expenses £152358
Sale Price £180000
Profit £27642
Please watch the video below to see how this property was transformed.
Leave a Comment