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4-Bed Detached Flip

Worthing
£280,000
189.9 sqm
1 Unit
Purchase price £280,000
Monthly income
ROCE 70%
Gross yield

About this property

4-Bed Detached Value-Add Flip

• Substantial four-bedroom detached house
• Approximately 189.9 m² (2,044 sq ft)
• Freehold
• Standard construction
• EPC rating F, providing significant potential for energy-efficiency improvements
• Requires comprehensive refurbishment and modernisation
• Structural reports identify movement, which has resulted in a heavily discounted purchase price, providing substantial potential for value uplift and added equity following professional remediation

Financials

• Target purchase price: £280,000
• Purchase costs: £23,350, including £3,000 sourcing fee, £2,000 legal fees, £350 insurance and £18,000 SDLT
• Estimated refurbishment and structural works: £154,000
• Estimated GDV after refurbishment: £585,000
• Estimated profit: £88,390
• Profit on GDV: 15%
• Estimated ROCE: 70%
• Total cash investment required: £102,760

The financial model assumes a bridging acquisition @ 75% LTV and development loan for entire build over 12 months at an interest rate of 0.75% per month.

For further details or to invest please contact.

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