Flip (No Refurb)
108 Woodmill Crescent, Dunfermline, KY11 4AL
£150,000 GDV
3 bed semi-detached house with conservatory on large corner plot.
Purchased cash in 2021. Acquisition fully funded by a private lender.
On the same day that the purchase concluded the property was sent to auction. The property sold…
Description
Type
Flip (No Refurb)
Location
Fife
GDV(Gross Development Value)
£ 150,000
Purchase Price
£ 87,000
Costs(Refurbishment & Fees)
£ 4,300
Total Cash Required
£ 91,300
3 bed semi-detached house with conservatory on large corner plot.
Purchased cash in 2021. Acquisition fully funded by a private lender.
On the same day that the purchase concluded the property was sent to auction. The property sold at auction. Property was owned for exactly 6 weeks.
Purchase Price: £87,000
Sale Price: £111,000
Fees: £6,500
PROFIT: £17,500
If the property had not sold at auction, plan B was renovate & sell, plan C was renovate, let out & refinance onto BTL mortgage.