Project

Nottingham, NG5, UK

A 2 bed apartment close to Nottingham city centre.

Before

  • 2 bed apartment close to Nottingham city centre.
  • Bought in 2019 for £135,000
  • Retained period features
  • Share of freehold owned
  • Condition appeared fair on the outside but in desperate need of modernisation, rip out, new electrics throughout; Great potential to add value
  • Aim was to renovate for circa £10,000 and sell for £170k+ (target first time buyer) and if unable to sell, refinance and rent out at £950 PCM

After

  • Refurbishment costs totalled £11,000 including
    Full rewire
    New bathroom
    Replaster where required
    Reface kitchen units
    Rebuild original features (not originally planned for!)
  • Sold for £170,000 (within 6 month turnaround)
  • Overall net profit £21,000 (after estate agent and solicitors fees)