I have just fully refurbished a 1,760 square feet property I recently bought from auction. The refurb cost me just under £12,000. Here are the approximate figures:
Howdens kitchen, (appliances from the Internet), new lino, tradesman to fit =
£3,100
New bathroom - 6x bathroom panels, new lino, new taps, handyman to fit = £1,250
New carpets and underlay from the Internet £1,750, plus £450 fitting = £2,200
New decoration = £3,250
General materials, furnishings, curtains, Victorian fireplace from eBay = £1,400
Handyman for new locks, a bit of electrical work = £720
PURCHASE PRICE: £100,000
Refurbishment: £12,000
Bridging loan costs, solicitors, etc: 5,500
Auction costs and associated costs: £4,000
CURRENT VALUE: £190,000
I can source you a great below-market property and do the same thing for you. Visit www.yournextpropertyinvestment.com and give me a call on 07825 327552 if you have any
questions.
Are you looking to purchase one or more properties? Perhaps you're a hard-working professional but don't have the time, nor inclination, to be trawling the Internet and local estate agents for your…
Post articles and opinions on Hertfordshire Professionals
to attract new clients and referrals. Feature in newsletters.
Join for free today and upload your articles for new contacts to read and enquire further.
