Purchase price: £121,800
Fees: £1,586
Stamp Duty: £3,654
Cost of refurb: £18,000
Sale Price £180,000
Lender: £5,000
Profit: £29,960
Length of time from refurb to re-sale: 6 Months
Refurb consisted of creating a 4th bedroom, knocking down a wall in the kitchen creating a large open plan kitchen/dining space, carpeting 2 reception rooms, 4 bedrooms, laying Karndean in the kitchen, bathroom and cloakroom, wiring and plumbing. Decorating throughout. This property sold in July 2017.
