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2 BED

HOUSE

State of the property when bought it:

  • flooded property by fire brigade to stop spread of the fire on next door house;

  • fire and water damage;

  • damp salt in walls;

  • no kitchen facilities;

  • floor beams rotten;

  • no electricity;

  • no gas;

  • no plumbing;

  • leaking roof;

  • no windows to the back of the property;

  • no access to the back garden from the street;

 

Work completed to the property:

  • fixed the dump, bricks treated with warranty for 25years;

  • new roof;

  • new windows and front door;

  • new plumbing and heating;

  • rewire electricity;

  • new flooring;

  • the whole house painted;

  • new bathroom;

  • new kitchen;

  • new garden gate;

  • new front garden;

 

Timescale:

  • house bought at auction IMSOLD

  • all building works took 2 months;

  • rented out one week after completing all building work;

 

Numbers:

  • Purchase Price £33 000

  • Cost £25 000

  • Value £70 000

  • Rent £450

WHAT

2 Bed Tarace

WHERE

Askern Road

WHEN

February 2018

BE IN 
TOUCH

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MY Houses Your Home is not authorised or regulated by the Financial Conduct Authority. Any information provided relating to investment is simply for illustrative purposes and independent professional advice should be sought prior to any potential investment decisions being made.

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