First Floor,Unit 10,Freeport Office Village,Century Drive,Braintree, Essex CM77 8YG
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First Floor,Unit 10,Freeport Office Village,Century Drive,Braintree, Essex CM77 8YG
PROPERTY FLIP
£95,000
£130,000
Flip, bought for £95,000 and sold for £130,000 with tenant in situ paying £795pm rent (professional let to the local rugby club with 6 months rent upfront)
A 2 bed terraced house at 20 Smawthorne Avenue which was in a very poor condition. Vacant possession with the previous owners needing a quick sale. 6 month project from point of purchase to selling to the investor. Refurb included a new bathroom, new internal doors throughout, new front door, plastered every room and redecorated, resprayed kitchen units, and new carpets and flooring throughout
Change of site-based project management halfway through the process which impacted the refurb timeline. Implemented new PM with their own internal repair, maintenance, and refurb business, resulting in now having the best site team on board.
