BTS in Glasgow, Hands-On

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.
This deal is suitable for hands on investors who like to take lead in their projects.
This is a probate property.

A rare opportunity to secure a well located 2-bedroom flat in the popular Dennistoun area of Glasgow (East End). This blank canvas renovation project offers strong upside potential for seasoned developers seeking value in a high-demand area (similar property sold over £230k in the last 3 months).

Key Highlights:
- 68 sq m, flexible layout with hidden value (kitchen extension\open plan)
- Full renovation in every room, with upgrades required to heating, plumbing, electrical and windows
- Bridging loan recommended, EPC: G

Financial Information
Current value: £150,000
Purchase price: £141,000
Purchase costs: £51,030
Refurb/works cost: £36,000
Sourcing fee: £3,000
GDV: £225,000
Profit once sold: £20,055
ROCE (%): 20%
Investment required: £99,196