🏡 Hey everyone! Just had a look at this property today and let me tell you, it's got potential written all over it! 💪 Even though it only needs a minor refurb, it's still got bags of potential to add value.
🤑 I'm hoping to snag this beauty for £195,000 and with the minor refurb costing around £15,000, we're looking at just over £215K all in, including fees etc...
💰 The GDV (that's Gross Development Value, fancy term alert!) should be around £250K to £260K. So, even if we're being pessimistic, we're still looking at a profit of £30,000 - FOR A MINOR REFURB! 🎉
🤝 Now, here's the exciting part! I work with a small panel of carefully selected private investors who are itching to invest in my projects. Why? Because it's less volatile than the stock market and they typically earn between 8% to 10% return. Cha-ching! 💸
🔍 Next week, I'll be checking out three more properties that offer a similar rate of return. But wait, there's more! 🏢 I've also got my eyes on a substantial off-market commercial property that could potentially become 16-18 apartments. Talk about thinking big, right? 🚀
Stay tuned for more updates, folks! Let's make some property magic happen! ✨🏠✨
#property #propertyinvestor #interestrates #investment