03/07/2024
Investing in probate properties presents a lucrative opportunity for those seeking high returns on the South Coast. Here’s an analysis of a promising flip appraisal for a probate property that requires a cash purchase due to its current uninhabitable condition. 🏡
Property Details and Investment Breakdown:
Property Acquisition:
The property is purchased with cash.
Stamp duty will be substantially reduced or potentially zero, contingent upon the efficacy of your solicitor.
Refurbishment and Extension Costs:
Estimated costs: £185,000.
This amount can either be funded by the buying investor or through a separate investor loan offering an 8% return over 12 months.
Property Transformation:
Internal space increased from 74 sqm to 140 sqm.
The increased space and refurbishment elevate the property’s value significantly.
Gross Development Value (GDV):
Post-refurbishment, the property is estimated to achieve a GDV of over £570,000.
Return on Investment (ROI):
The project promises a ROI of over 13.83%.
When annualized, this ROI exceeds 20.75%, making it a highly attractive investment.
This investment strategy not only ensures substantial returns but also leverages the potential of probate properties to create high-value real estate assets.
Contact Information:
For those interested in investing in properties on the South Coast, please reach out to:
Email: [email protected] 📧
WhatsApp: 07773 326751 📲 📞
By tapping into this opportunity, investors can benefit from the dynamic growth and high ROI characteristic of the South Coast property market.
