Buying properties to sell is a great way to raise lumps of capital. We often come across deals which do not work for our long-term investment model but have enough margin to buy, refurbish and then sell for a profit.
A buy to sell deal, this property was being sold to pay for
care home fees. It was in need of complete cosmetic refurbishment. We dressed
the property to sell which meant we achieved a sale within a few weeks even
during a very quiet marketing time.
Purchase Price £190,000
Sale Price - £252,500