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The Hillary

TImeless Addition

They say it’s always worthwhile to tell people about what you do. Thankfully, some mutual friends of mine knew very well about what I do and approached me with a property they were intending to sell. 122 PS is a classic 2 up, 2 down terraced house with a nice extension at the rear through the kitchen.

I was overseas in Vietnam at the time, but put an offer in based on a Whatsapp video call. I knew the location very, very well and had a very solid understanding of the local market with recent sold prices etc. I was confident I had offered a fair value and they were willing to do a deal without going to market. I knew properties like that sold very quickly and very well on the market, so that was a priority for me.

It was in fairly good condition, and apart from a light refurb, I purchased it as my first, personal property and currently live here.


 

Purchase & Costs

  • Purchase Price: £142,000

  • Deposit: £14,200 (90% LTV)

  • Purchase Fees: £1,000

  • Stamp Duty: £0

  • Renovation; £8,000 

 

Renovation & Works

A very bread and butter project, I had a clear plan of what I wanted to achieve and had a budget to stick within.

My plan was to renovate the property like I would’ve any of my rental projects, in the event I should choose to let to students in the future. It’s in an ideal student location and there is solid demand for 2 bedroom properties.


SCHEDULE OF WORKS

  • Downlight’s installed throughout

  • TV’s installed in bedrooms and living room

  • Surround sound installed in living room

  • New bathroom suite

  • Re-decorating throughout

  • New flooring throughout

  • Kitchen re-painted