BMV BTS in Bournemouth

The proposed strategy is to acquire the property, complete the planned improvement works and sell it on the open market. The projected return depends on purchase terms, delivery costs, programme timing and the achieved resale value.
The agent believes this property is being sold at a discounted price, below the open market value.

Bournemouth – Dual Strategy – Flip or BTL
Existing BMV property offering instant added value following refurb and lease extension
• Buy, Refurbish & Resell for a healthy profit
• Buy, Refurbish & Rent for consistent monthly cashflow
Location: Bournemouth BH9 – Excellent Location with Shops, Amenities and Transport Links right on the doorstep.
Purchase Price: £ 70000
Estimated End Value (after refurb and lease extension): £ 145000
Flip Strategy – Buy, Refurb, Extend Lease, Resell:

▪ Purchase Price: £70000
▪ Investment Capital Required: £35774
▪ Sourcing Fee: £3500
▪ Refurbishment Estimate: £20700
▪ Estimated Lease Extension Cost including legals: £10000 (Buyer should verify independently)
▪ GDV: £145000
▪ ROCE: 44%
▪ Profit on Sale: £17892

Rental Strategy – Buy, Refurb, Extend Lease, Rent
2 Bed Second Floor Flat (vacant)
Approx. 76 sqm, purpose-built, spacious with good layout.
Shops, Amenities and Transport Links right on the doorstep making it equally appealing to students, professionals or families.
• Gross Yield: 9%
Property already achieving EPC C
Leasehold – 80 Years remaining
Ground Rent: £200 PA
Service Charge: Approx. £2801 PA

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Financial Information
Current value: £80,000
Purchase price: £70,000
Purchase costs: £8,610
Refurb/works cost: £30,700
Sourcing fee: £3,500
GDV: £145,000
Profit once sold: £17,892
ROCE (%): 44%
Investment required: £35,774