3-Bed Flip - Birmingham

A strong value-add opportunity in the popular Rednal/B45 area, this 3-bedroom semi-detached freehold property offers excellent scope for investors looking to modernise, reconfigure and improve the layout.

The property benefits from two reception rooms, a spacious kitchen, front and rear gardens, detached garage and no onward chain. The proposed works include creating a 2-car driveway, full internal refurbishment, new kitchen, full rewire, new central heating system, upgraded doors, flooring throughout and opening up the living space to create a more modern open-plan layout, subject to any required consents.

With the property already reduced from its original asking price and now back on the market, this presents a clear opportunity for an investor to add value through refurbishment and reposition the property to a much stronger modern standard.

Financials

 Value: £215000
 Purchase Price: £180000
 Purchase Costs: £59450
 Sourcing Fee: £3000
 Refurbishment Cost: £67515
 GDV: £310000
 ROCE: 27%
 Profit: £36935

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.