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The Carleton View Project
The Carleton View Project
HEADLINE FIGURES
Strategy - Flip
Purchase Price - £67,000
Refurb Costs - £17,000
Gross Development Value - £117,000
Profit - £33,000
Project Details
Following a distressed vendor accruing bad debt, this 2 bed spacious terraced property made for an excellent flip opportunity, due to 1st time buyer demand in the area. The house needed some cosmetic renovation work to bring it up to date and make it desirable to the target market. The full refurbishment was completed in 8 weeks, and the property sold within 6 days of being put on the open market.