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BMV Flip in Nottingham
About this property
This is an excellent opportunity to acquire a below market value property in Nottingham for just £85,000, offering investors the chance to create significant value through a full refurbishment.
The property requires a complete renovation, making it ideal for investors looking for a straightforward flip project. One of the standout features is that the existing kitchen and bathroom can be refurbished and reused, helping to reduce refurbishment costs while still delivering a high-quality finish that appeals to today's buyers.
This has an estimated GDV of £150,000, this project provides substantial upside for investors prepared to add value. Nottingham remains one of the strongest property markets in the East Midlands, benefiting from excellent transport links, a growing population, major employers, and consistently high demand for refurbished homes.
With an estimated refurbishment budget of £25,000, this project is forecast to deliver a 29% ROCE and a projected profit of £20,610 on resale, making it an attractive addition to any investor's pipeline.
Key Investment Figures
Purchase Price: £85,000
Estimated GDV: £150,000
Refurbishment Cost: £25,000
Purchase Costs: £32,250
Investment Required: £69,890
Projected Profit on Sale: £20,610
ROCE: 29%
This is a fantastic value-add opportunity for investors seeking a below market value acquisition, manageable refurbishment costs, and the potential to achieve over £20,000 profit on completion.
Investment calculators
Estimate only, using UK additional-property SDLT rates. Confirm the exact figure with a solicitor or accountant before exchanging.
Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.
Need finance? Sourced Financial Services can find the right mortgage for this deal and secure same-day decisions in principle.
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