Don't miss this fantastic flip opportunity in Hastings with the potential to return a great profit.

This fantastic 3-bedroom, 1 bathroom mid-terrace property in Hastings, Sussex has had a discounted sale price agreed, direct to vendor, pre-auction. This offers the astute investor a wonderful opportunity to acquire this property below market value and benefit from instant equity.

It requires a basic refurb, (estimated to last about 8 weeks), for which a detailed quote has already been obtained with a local contractor, to bring it up to the required standard to maximise its potential and Gross Development Value (GDV).

Figures: Based on using bridging finance.

▪ Purchase price: £170,000
▪ Comparable market value: £230,000
▪ GDV: £280,000
▪ Purchase costs: £64,850
▪ Refurb costs: £27,011
▪ Profit once sold: £42,837.90
▪ ROI: 18%
▪ ROCE: 39%
▪ Profit:15%

▪ Sourcing fee: £5,000
▪ Auction reservation fee: £6,650

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.