What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network
Key financials
GDV£170,000
Profit£31,310
ROCE23%
Purchase £ £104,940
Property description
Strategy: Buy to Sell
Flip in Glasgow (Probate) - Renovation Project
Home Report Survey and Valuation Available.
An interesting opportunity to secure a 3-bedroom flat in the popular Kelvindale area of Glasgow (West End). This blank canvas renovation project offers strong upside potential for seasoned developers seeking value in a high-demand area (similar properties sold over £175k in the last 9 months).
This 3-bedroom top floor flat is offered through an estate execution and is sold as seen.
Key Highlights:
- 71 sq m, flexible layout with hidden value (kitchen relocation)
- Full renovation in every room with particular attention required to the ceilings, attic and roof
- Cash purchase, EPC: F
Deal Breakdown:
▪ Purchase price: £93,000
▪ GDV: £170,000
▪ Refurb costs: £34,000
▪ Purchase costs: £104,940
▪ Profit once sold: £31,310
▪ ROCE: 23%
▪ Profit: 18%
This deal presents an excellent opportunity for a visionary investor or hands-on developer to maximise the profit potential offered by this traditional flat in a popular and well-connected area.
For further information or to discuss this opportunity in more detail, please get in touch
Sourced reference: 723739825418689
Due diligence
No information supplied.
Disclaimer
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.
Key financials
GDV£170,000
Profit£31,310
ROCE23%
Purchase £ £104,940
Sales Agent
Michael Haguinet
August Place Property Ltd
Smart support to move your deal forward
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What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network