Two-Bedroom Refurbishment Investment Opportunity

A genuine refurbishment project offering an excellent opportunity for investors and developers. The property is currently occupied by a sitting tenant, providing an opportunity for an investor to acquire the property with an existing tenancy in place, subject to the terms of the tenancy and applicable legal requirements.

This two-bedroom property with one bathroom and one kitchen is being offered to the market at an asking price of £195,000 and requires a comprehensive refurbishment throughout.

The property requires extensive renovation works, including a new electrical installation, new plumbing and pipework, full plastering and skimming, new kitchen, new bathroom, flooring, internal doors, decoration and general building and remedial works. The property should be considered a full refurbishment project and is ideal for an investor looking to modernise the property and add value.

Refurbishment Requirements

• Full electrical rewire and new consumer unit
• New plumbing and pipework
• Heating and boiler works as required
• New kitchen installation
• New bathroom installation
• Full plastering and skimming throughout
• New flooring throughout
• New internal doors and woodwork
• New lighting and electrical fittings
• Full internal decoration
• Damp and remedial works where required
• Repairs to walls, ceilings and floors
• General building and external works where required

The property offers investors the opportunity to undertake a full renovation and create a modern, high-quality two-bedroom home. Its current condition provides scope for a comprehensive refurbishment strategy, making it suitable for buy-to-let, resale or long-term investment.

Sitting Tenant: The property is currently occupied. Prospective purchasers should take into consideration the existing tenancy arrangements, rental terms and the legal rights of the sitting tenant when assessing the investment opportunity.

Asking Price: £195,000

Buyers are advised to carry out their own surveys, refurbishment costings and legal due diligence before proceeding. Buyers should also satisfy themselves regarding the existing tenancy, rental income, tenancy documentation and any possession requirements.