£ 80,000
Added: 24/02/2025
GDV£171,000
Profit£42,916
ROCE29%
Strategy: Buy to Sell
Attention House Flip Strategists – No Chain!
An incredible investment opportunity awaits with this spacious three-bedroom end terrace on Victoria Street. Originally two separate properties converted into one, this home offers vast living space, off-street parking, two bathrooms, and a basement with two rooms. With its prime location and untapped potential, it’s perfect for families needing extra space or investors considering an HMO conversion (subject to planning).
- Lounge: 11'8" x 14'7" (3.56m x 4.45m)
It features a front-facing UPVC double-glazed window and a central heating radiator & carpet floor covering.
- Dining area: 14'5" x 11'4" (4.39m x 3.45m)
The dining room includes two UPVC double-glazed windows, a central heating radiator, and convenient storage & carpet floor covering.
- Kitchen / Breakfast Room: 21'9" x 12'8" (6.63m x 3.86m)
A fully fitted kitchen, partially tiled, featuring a range of wall and base units, work surfaces, and a stainless-steel sink/drainer. It includes an electric oven and hob with a cooker hood above, plumbing for a washing machine, a central heating radiator, two UPVC double-glazed windows, and a door leading to the rear & Downstairs W/C
- Bedroom: 11'5" x 12'1" (3.48m x 3.68m)
Having a double glazed window and a central heating radiator.
- Bedroom 2: 11'2" x 12'4" (3.4m x 3.76m)
It features a double-glazed window and a central heating radiator.
- Bedroom 3: 13'5" x 9'1" (4.09m x 2.77m)
It features a UPVC double-glazed window and a central heating radiator.
- Family bathroom: Fully tiled, the bathroom includes a shower cubicle, W/C, a central heating radiator, and a UPVC double-glazed window.
- Attic: It features a UPVC double-glazed window and has been divided into two rooms with an open doorway.
- Exterior: The property includes a driveway to the side, and to the rear, there is a lawned garden with a paved area.
The financials:
▪ Purchase price: £80,000
▪ GDV: £171,000
▪ Purchase costs: £2,200
▪ Profit once sold: £42,916
▪ ROCE: 29%
▪ Refurb costs: £36,600
Sourced reference: 218235139448899
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.
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