4 Bedroom Detached – Rural Area

The Deal:

• Asking Price: £285,000
• Agreed Sale Price: £245,000
• Estimated Renovation Cost: £60,000
• Gross Development Value (GDV): £400,000

Estimated Costs Breakdown:

• Purchase Price: £245,000
• Stamp Duty (residential): approx. £2,250
• Legal Fees & Survey: approx. £2,250
• Renovation Budget: £60,000
• Finance/Interest Costs (6-month hold): approx. £15,000
• Total Investment Required: approx. £324,500

Exit Strategy & Return:

The property is expected to resell at £400,000 based on comparable sold properties in the area (details available on request).
After typical selling fees (~£6,000 for agent and legals), net sale proceeds are estimated at £394,000.

• Projected Profit: £69,500
• Return on Investment: approx. 21.4%

Renovation Scope:

Interior:

• New Kitchen, Bathroom, Utility Room, and Downstairs WC
• Full decoration and new carpets across 4 Bedrooms
• Removal of existing conservatory and replacement with a single-storey rear extension to create a large open-plan kitchen/living space

Exterior:

• Half render / half timber cladding finish for a modern façade
• Full replacement of decking
• New driveway created at the front of the property
• All new windows and external doors

This renovation plan is designed to significantly boost curb appeal and internal layout value, aligning with what’s performing well on the local market.

Why This Deal Works:

• Below Market Acquisition: Secured at £40k under asking price
• Value-Add Potential: Extension and modernisation will elevate this to a premium family home
• Strong Local Demand: Area shows consistent sales activity in the £390k–£420k range for similar 4-bed extended properties