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I love, love the green coat !
U know for a fact he set that biilding on fire!!! Hahaha silly council
That makes no sense considering he had NO building insurance...🙄🙄🙄
3rd property. 132k auction price, payable within 10 days of auction date purchased. +-3 millions approximately refurbishment cost.
Set it on fire to get planning permission 😂
15 month later, a nightmare. The building need to be demolished. Haven't secure any planning permission. Had engaged planning consultants. 7 storey residential building. 1.8 to 2 million redevelopment cost, on top of 132k auction price and 2 years redevelopment timeframe.
Read legal pack.
3rd property. 100k plus guided price. Huge property. Former martial arts centre. The purchase must been done within 10 days of auction purchase. Residential conversion is viable provided given redevelopment planning permission.
1st property. Auction prices 29k. Refurbishment cost 22k 7 months. Warm cosy and homely result.
51k total spend. 60k - 70k estimated sales price. 21k highest estimated profits.
11 years 2 months to break even of 70k initial investment.
550 - 525 suggested rental per calendar month. 9.42% - 9% rental yield
2nd house, 56k auction price. 90k approximately sales price. 14k refurbishment cost. +-20k gross profit. More profitable rental arrangements.
2nd property. 3 months 19k refurbishment cost. 75k in total investment. Rental value 500 - 525 per calendar month. 90k - under 100k sale price.
Property 3. very foolish not to have building insurance.
@Deb I agree with you...makes no sense!!
@Mika - Who would bother to set it on fire without insurance? That is just plain dumb.
He did it on purpose so he could set the property on fire and get planning permission haha