Freehold semi-detached bungalow in a desirable Solihull residential area — a strong value-add opportunity for investors looking for a buy-to-sell project.

The property currently offers 2 bedrooms, lounge, kitchen, bathroom, driveway parking, covered car port, side garage and private rear garden, with the added benefit of no upward chain.

The proposed strategy is to reconfigure the ground floor by opening up the kitchen area and creating a second reception room downstairs, followed by a loft conversion with a small dormer to increase usable accommodation and improve end resale appeal.

This is a layout-improvement and modernisation project with clear scope to add value through better use of space, internal reconfiguration and additional accommodation, subject to the necessary consents and due diligence.

Ideal for investors looking for a buy-to-sell opportunity in a strong residential market with good local amenities, transport links and owner-occupier demand.

Financials

 Value: £260000
 Purchase Price: £175000
 Purchase Costs: £57850
 Sourcing Fee: £3000
 Refurbishment Cost: £62050
 GDV: £290000
 ROCE: 21%
 Profit: £27975

Work with us:

 Sourced offer a comprehensive property wealth building package in one place;
 Sourced Investment Agents - Sourcing investment opportunities for you,
 Sourced Enterprise - Limited company and SPV formations with tax efficient portfolio structuring and accounting solution.
 Sourced Finance - Access specialist property lending and mortgages, created for investors.
 Sourced Lettings - Seamlessly integrate property management using our nationwide lettings management service.
For further information, get in touch.

Sourced reference: 787877122981638