Details

---

Description

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting: Apple Devices : Search for Property Investor in iOS app store Android Devices : Search for Property Investor in Googleplay app store If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940 23% Below Market Value Flip Opportunity 3 Bed Semi Detached Bungalow Clover Drive, Birmingham, B32 3DJ Purchase Price = £155,000 Market Value = £200,000 Finder’s Fee = £5,000 + Vat Potential Profit (Flip) = £30,000 Potential Rental Income = £850 pcm = £10,200 per annum CASHFLOW AFTER ALL THE ABOVE COSTS Managed = £360 pcm = £4,320 per annum Self Managed = £462 pcm = £5,544 per annum CASH or BRIDGING FINANCE PURCHASE ONLY For a limited time only, we have managed to secure a large 2 bedroom, 1 bathroom semi-detached bungalow that’s in need of modernisation in Birmingham. The property was previously rented to a tenant who stopped paying rent during COVID. Landlord tenant relationship broke down and the tenant ended up trashing the property. The landlord has striped a lot of the property back to brick and no longer has the desire or appetite to finish, so just wants a fast straightforward sale. The property has been priced accordingly and no further negotiations will be entertained. Given the current condition of The property is situated in a location which benefits from being close to local shops, good primary schools, hospitals, and all local amenities. Estimated Repairs The owner has had the quotes below from a local builder for the following works : Bathroom = £3,000 Kitchen = £3,000 Flooring = £2,000 Painting = £2,000 Plastering & Re-decoration = £4,500 Gardening = £500 Total = £15,000 If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting: Apple Devices : Search for Property Investor in iOS app store Android Devices : Search for Property Investor in Googleplay app store If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940