Dunedin Road, Corby Northamptonshire 

Project Details 
This property was sourced by us on behalf of an investor. 
It was purchased in March 2015 and was in a state of refurbishment however the vendor had passed away, leaving the property un-mortgagable due to there being no kitchen or bathroom in situ. 
The property was marketed at £170,000 however because it was cash buyers only it had had no offers. 
Given our local knowledge we knew that with a high quality refurbishment there was a profit to be made. 
This was a turn key project for our investor as we managed the purchase, refurbishment and resale for them. 
The timeframe from purchasing to selling the property was 6 months. 
The Headline Figures are as follows
PP March 2015 - £162,000 
Refurbishment 4 months - £40,000 
Sold September 2015 - £239,500 
Buying and Selling Costs - £5,000 
Profit Before Tax- £32,500 
ROCE – 15.7% in 6 months. 
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