Sold Nov 2020
5 Spey Avenue, Paisley, Glasgow, PA20PD
Purchase Price
Purchase Price
£ 62.5k
Est. Sales Price
Est. Sales Price
£ 105k
ROI on Sale
ROI on Sale
21.02%
About this opportunity
This deal was a basic flip in Glasgow area, with our tried and tested team. Renovation was on time and on schedule, and we we able to flip this withing 6 months for a great profit
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Before
After
Financials
Initial Purchase
| Purchase Price | £62,500 |
|---|---|
| Stamp Duty | £2,500 |
| Refurbishment | £14,250 |
| Solicitor | £840 |
| Sourcing Fee | £4,00 |
| Total Initial Cost: | £84,090 |
Income Flip
| Initial Cost | £84,090 |
|---|---|
| Solicitor (Sale) | £1,020 |
| Sales (incl. VAT) | £1,800 |
| Total | £86,910 |
| Profit @ Sale 105k | £18,270 |
| ROI (In 6/7 Months) | 21,02% |
R.O.I = £18,270 (Profit) ÷ £86,910 (Money In) = 21,02% return on our money, in 6 Months (In the middle of Covid-19 restrictions)
