Savills are hosting an auction here for a 2 bed terraced house in Thornton Heath.
Address is 41 Windsor Road, Thornton Heath, Croydon, CR7
Similar properties in this area sell for around £310,000, and those properties don’t look to be in the BEST condition.
My thoughts here are that after renovating a property to a higher standard than the rest of the market, you could perhaps sell for £320k + meaning that even if you spent £50,000 on the renovation, you will still be left with £30k profit. Do it within 6 months and your laughing!
Link to property: http://www.rightmove.co.uk/property-for-sale/property-53927392.html
If you would like to now how much a property like this would rent for, please do feel free to give me a call on 07957336999 or email me. If you want to subscribe to this blog and get these Buy to Let deals straight to your inbox, please let me know by typing your email address in the box below.