1. Done Up Valuation £80,000
Purchase Price 45% BEV £44,000
This is the most we would pay for these houses
Deposit Req’d £11,000
Refurb Costs £15,000
Subtotal £26,000
Interest On Loan £0.00
Investor Return £N/A
Profit Aft. Re-Finance £1000
Total Purchase Price £59,000
Comp. Disc. (BMV) 26%
Equity After Comp. £21,000
Cashflow After Costs £266pm
FINSHED39 Ryefield Lane - 3 BedEXISTING

2. FINSHED39 Ryefield Lane - 3 BedEXISTING
SOLD
2 Heathview, Jun 12 - 4Bed £78,650
11 Four Acre, Sept 11 - 3Bed £85,000
A building fault to these houses had not been recitified. A system called
unilock guttering, which is a failing concrete system causing damp had
not been replaced.
FOR SALE
Ryefield Lane - 3Bed £87,000
Longfield Lane - 3Bed £85,000
Again these had not had the guttering work done. We spoke to three
local agents and a surveyor to confirm our comparables.
This house is located on the more desirable side of the estate,
which is quieter and therefore is more preferred. There are
good schools within walking distance rated 2 and above,
very good local ammenities and furture plans for the area
over the next 15 years.