10 Apartment Developments for £300,000 proffit

Something a little more meaty to get your teeth into? The SMP team has recently developed our own holiday apartments in this town. Since we have been there, we have seen the holiday traffic increase and not a single room available for a night. We have secured the purchase of the old Maling Chambers known to us as "The Post Office".

This building has planning approved for 10 apartments. There are numerous opportunities to develop here for holida lets, standard ASTs or even selling onwards. 

Figures in Brief

Flip
Purchase Price - £150,000
Build Costs - £440,000
End Value - £960,000
Potential Profit - £318,342
RCI - 68.18%

Retention Figures
Rental Income pcm - £8,624
Cash Flow - £3,295.52
Rental Yield - 10.78%
ROI - 38.86% INFINITVE RETURN