Ready for Sourcing: Cash Flow £240 in Ferndale, South Wales.

Source My Property has secured a really great opportunity in Ferndale, Rhondda Cynon Taf. We have specifically targeted this area for the demand for rentals and the great ability to extract your investment out the back end.

We have also secured quotations with our build teams, for a real quality refurbishment which will bring the property up in value to meet some solid market comparable in the area. Below are some figures in brief. 

Figures In Brief

House Asking Price: £59,950
Sale Agreed Price: £48,500
Refurbishments: £10,000
Done Up Value Estimate: £85,000
Potential Flip Profit (approx): £10,916
Cash Flow **at 5%**: £134
Cash Flow **at 3%** (most likely): £240

Source Fee: £1,997

The property is actually very well kept, with some minor issues requiring attention. Mainly the flat roof over the kitchen. The bathroom also lacks a “family feel” as at present it is simply a shower room. Our intention is to turn the property of decent, to a beautiful, modern, family home thus making it a lot more desirable. 

Source My Property can even take this all the way to rent for our clients, as we have cleared, approved and eager tenants waiting to be notified of properties in the area.