A few small deals Bob Grant

Chartered Building Surveyor.

Chartered Construction Manager

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Property Norris Road Bartholomew Road Ballinson Road Total

Price 48,000.00£ 60,000.00£ 44,000.00£ 152,000.00£

Conveyancing 450.00£ 450.00£ 750.00£

Auction costs 594.00£ 594.00£ -£

wiring 2,200.00£ 950.00£ 630.00£

plumbing 350.00£ 240.00£ 350.00£

decorating 1,500.00£ 1,500.00£ 1,000.00£

carpets & vinyl 660.00£ 830.00£ 618.00£

blinds 220.00£ 330.00£ 240.00£

kitchen -£ -£ 1,000.00£

gutters and fascias 950.00£

roof repairs 550.00£ 50.00£

part new floor 200.00£

Miscelaneous labour £1500 1,500.00£ 1,500.00£ 1,500.00£

53,974.00£ 68,094.00£ 50,138.00£ 172,206.00£

rent pa 5,400.00£ £5,700.00 5,400.00£ 16,500.00£

ROI 10.00£ 8.37£ 10.77£ 9.58£

value 72,500.00£ 82,500.00£ 75,000.00£ 230,000.00£

yield 7.45£ 6.91£ 7.20£ 7.17£

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Finance

• Cash

• Mortgage broker

• Auction Finance – bridging loan

• Bank – Handelsbanken, Shawbrook, Aldermore, Interbay,

• Friends

• Group investors, e.g Funding Circle

• Credit cards

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Summary

I have in the last three years done 21 deals which include,

• Purchase of property pre auction, at auction and after auction

• Purchase of property by private treaty

• Purchase of property from property sourcer

• Renovation of flats to relet and increase rent roll

• Renovation and sale of properties including a fire damaged property

• Conversion of storeroom into studio apartment

• Change from single let to multi let

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Happy Hunting!

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