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
£100,000
£140,000
Flip, bought for £100,000 and sold for £140,000 with tenant in situ paying £850pm rent (professional let to the local rugby club with 6 months rent upfront)
A 2 bed terraced house at 31 Smawthorne Lane, Castleford, WF10 4EL
in very poor condition at the point of purchase. Vacant possession. The previous owner needed a quick sale due to health reasons. A 6 months from point of purchase to selling to the investor. Refurb included a new bathroom, new kitchen, plastered every room and redecorated, and new carpets and flooring throughout. Tidied up the garden and built hard standing for off-street parking for 2 cars.
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. Unexpected issues within uneven kitchen floor. We had to relevel and resurface the kitchen floor before putting the new flooring down.
