Buy to Sell in Glasgow, Renovation Project

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 property requires renovation to maximise it's returns, therefor being sold as a renovation project.
The agent suggests this deal has great value-uplift potential.

A rare opportunity to secure a well located 2-bedroom flat in the popular Govanhill area of Glasgow (South Side). This blank canvas renovation project offers a great opportunity to add value while retaining historic features. Similar tenement flat in this high-demand area sold over £200k in the last 6 months.

Key Highlights:
- 68 sq m, flexible layout with hidden value (kitchen extension\open plan)
- Full kitchen and bathroom renovation and cosmetic upgrade in the other rooms
- Bridging loan recommended, EPC: D

Financial Information
Current value: £130,000
Purchase price: £125,000
Purchase costs: £40,000
Refurb/works cost: £32,800
Sourcing fee: £3,000
GDV: £200,000
Profit once sold: £23,600
ROCE (%): 31%
Investment required: £76,400