Coventry - Light Refurb and Sell
About this property
Extended 3-bedroom semi-detached property in a popular Coventry residential area — a strong refurb-and-sell opportunity with limited works required.
The property already benefits from three double bedrooms, an open-plan lounge/dining area, extended kitchen, refitted shower room, double glazing, gas central heating and front/rear gardens.
The proposed strategy is a very light refurbishment, focused on presentation uplift, minor modernisation and adding driveway parking to improve kerb appeal and resaleability.
With no onward chain, a double-storey extension already in place and strong family-home fundamentals, this is an attractive project for investors looking for a simple cosmetic uplift and resale exit.
Financials
Value: £170000
Purchase Price: £180000
Purchase Costs: £56250
Sourcing Fee: £3000
Refurbishment Cost: £11760
GDV: £225000
ROCE: 26%
Profit: £20115
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Speak to a brokerAssumes English SDLT rates and 3% additional property surcharge. Welsh LTT and Scottish LBTT differ. Always confirm with your solicitor.
Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.