Purchase at Auction
4 Woodhouse Court Stantonbury, Milton Keynes MK14 6GB
Key Features
- To be offered on Tuesday 9 December
- Five bedroom detached bungalow
- In need of modernisation
- Off street parking, a rear garden and a portacabin
- Well located for the amenities of Milton Keynes
- Ground Floor - Five Bedrooms, Kitchen, Dining Room, Lounge, WC, WC, Storage Room, Porch.
- Freehold
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Accommodation and Tenancy Schedule
| Accommodation |
Ground Floor - Five Bedrooms, Kitchen, Dining Room, Lounge, WC, WC, Storage Room, Porch. |
||
|---|---|---|---|
Acquisition Cost
| Purchase Price | £225,000 |
| Stamp Duty | £11,250 |
| Agent's Fee (1.5%+vat ) | £5,250 |
| Legal Fee | £4,050 |
| Misc |
£2,700 |
| Finance Cost for 12 months |
£21,938 |
| Total Acquisition Cost | £270,188 |
Cash Investment Required
| Cash Deposit 35% | £78,750 |
| Associated Acquition costs | £23,250 |
| Interest if Retained | £21,938 |
| Mobilization fund | £20,000 |
| Professionals / B.R / Structural / QS / MS etc. | £11,250.00 |
| Total | £155,188 |
Profit
| Profit (Estimated) | |
| GDV | £524,000 |
| Development cost | £129,690 |
| Acquisition Cost | £270,188 |
| Total Cost | £399,878 |
| Gross profit | £124,123 |
Return on Investment
| ROI (Estimated) | |
| Cash Invested | £155,188 |
| Profit Earned | £124,123 |
| Total ROI | 80.0% |
| Profit for JV Partner (50% share) | £62,061 |
GDV Appraisal
| Units Type (Flats) | Units |
|
Grouond Floor 05 Bedroom Bangalow |
05 |
| Total Units | 05 |
GDV Appraisal continued
| Gross Development Value (Collective) | |||||
| Units | Level | Description | Proposed Residential NSA m2 | Value | |
| 05 | Ground Floor |
Five-Bedroom Bungalow |
131 | £524,000 | |
| Total: | Sale@ £4,000/m2 | 131 | £524,000 | ||
DEVELOPMENT Loan & Budget
| Item | Description | Amount |
| Legals | 5% of Construction Cost | £4,913 |
| Professionals / Architect | 2% of Construction Cost | £1,965 |
| Construction / Refurb | Collective Build cost | £98,250 |
| Insurances | For building & Construction | £2,948 |
| Section106 / CIL | Nil | £0 |
| Inteste rolled up costs |
15% | £16,211 |
| Contingency | 5% of Construction Cost | £5,404 |
| Total | £129,690 |
SURVEYS & REPORTS
floor plans & elevations
LEASE & LEGAL PACK
Disclaimer
Valuations & Appraisals by Sleek are strictly estimates only and you should use them on that basis. The valuation Model analyses prices for equivalent properties sold or sold in the area. These properties may differ in ways that we do not or cannot consider. Valuations are subjective and based on market forces, which may change. Valuations must not be used for property sale, purchase, mortgage or related purposes. You should seek a professional valuation from a qualified surveyor before deciding whether to buy or sell a property. We shall not be liable for any losses you or anyone else suffer due to relying on the valuations. This includes not being liable for any loss of property, loss of bargain, loss of capital through over-payment or under-sale or for any indirect, special or consequential loss.