Outwell

The first project that we carried out for a private client with the brief to take from its semi derelict state to its point of sale in a financially feasible manner. Unfortunately the elderly chap neglected to sweep his chimney and the burning of wet deciduous logs caused major smoke damage to the whole of the property by reinstating the garage with a timber building replacing the kitchen & bathrooms. Patio doors were added to the master bedroom which led to a newly decked area. The grossly overgrown area was pulled back to soil and turf re-laid. List Price £124,995, Purchase Price £100,000 April 2013. Renovation Cost £41,381.04. Sold March 2015 £170,000. 12 Months rent £7200. Total return £177,200. Pre tax profit £35818.96 32% return over 2 years. Cost include estate agent fees all legal fees to purchase and sell. This cost is down to the last screw, including water bill, council tax etc.