Repairs and Renovations
and Property
Sourcing
Repairs and Renovations
Property Fit
have a team of tradesmen that can help you with anything from
a small repair to a full property renovation. Property Fit
has worked with contractors for many years and now have a
dedicated and strong team of sub-contractors that includes:
· Joiners/handymen
·
Electricians – NICEIC qualified
·
Gas Engineers – Gas Safe qualified
·
Roofers
·
Plasterers
·
Damp Proof Contractors
·
Wall tie specialists
·
General builders
·
Decorators
·
Window contractor – FENSA |
| The
Property Fit Way |
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Determine
client objectives |
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Create
investment strategy |
|
Source
property |
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Negotiate
deals and manage process |
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Manage
repairs |
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Ensure
property is let |
|
Bathroom
before renovation...
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Bathroom
after renovation...
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| Kitchen
before renovation... 
|
Kitchen
aftere renovation...
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Property
Sourcing
The team
of experienced consultants at Property Fit source property for
clients in NW England and SW London. The majority of this is
terraced property in Manchester and Lancashire. Where the returns
allow we also source apartments. Property Fit source deals based
on client briefs.
Listed below
are the kind of typical deals that Property Fit sources.
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UK
Northern Terrace Example
a. 2 bed mid
terrace house
b. Greater
Manchester area
c. £65,000
(15 – 25% below value)
d. Rent
£400 per month
e. Yield
7.3%
f. £165
Positive Cash-flow per month (at 75% of purchase price and
mortgage at 5.5% Interest Only)
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UK New Build Example
a. 2 bed new
build apartment with parking in Central Manchester
b. £110,000
(expected 24% below value)
c. Rent
£675 per month
d. Yield
7.3%
e. £300
Positive Cash-flow per month (at 75% of purchase price and
mortgage at 5.5% Interest Only)
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Mid
Terrace Example
a. 2 bed mid
terrace house
b. Greater Manchester area
c. £72,000
d. Rent £450 per month
e. Yield 7.5%
f. £200 Positive Cash-flow per month (at 75% of purchase
price and mortgage at 5.5% Interest Only)
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Flat
Example
a. 1 bed flat
b. Greater Manchester area
c. £40,000
d. Rent £350 per month
e. Yield 10.5%
f. £210 Positive Cash-flow per month (at 75% of purchase
price and mortgage at 5.5% Interest Only)
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Studio
Apartment
a. Studio Apartment
b. Market Price = £270,000
c. Investor Price = £235,000
d. Discount = 15%
e. Yield = 6.1%
f. Rent = £1200pcm
g. Mortgage = £732
h. Cash-flow = £467
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Luxury
City Apartment
a. 2 Bed Lux City Apartment
b. Market Price = £600,000
c. Investor Price = £495,000
d. Discount = £105,000
e. Yield = 4.7%
f. Rent = £1950 pcm
g. Mortgage = £1350 pcm
h. Cash-flow = £600
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