Dude out here telling people it’s in Derby when it’s not. Alfreton is in Derbyshire, and also the registration of charge for this property is with Samuel Leeds Finance, so it would appear Sam himself is the investor, right?
So Samuel Leeds finance don’t want interest etc on their loan? The investor don’t want interest on their investment? House prices are not going for what they said they got in that street. Howdens ain’t that cheep either. Plus the electrics need sign off. Seems suspicious to me!
So just to be clear the chap who has done the work, has paid back the bridging loan of £60k to Same Le and the £25K to the investor through the refinance that he is planning to take out against the new valuation of £150k. After he has paid back the loans of £85k + interest, say £10k for argument sake, he now has £55k to put down as a deposit for the next property. If he were to sell this property he could walk away with £55k gross? But to avoid having to pay taxes, he is keeping the property and renting it out and then looking to invest the £55k into a new project, thus creating his portfolio?
Sold prices at that postcode was 85k but that was 2018. The market has boomed since then as that was 6 years ago. So the figures do make sense as the next buyer is getting a house rewired, replumbed, new kitchen and bathroom and all replastered with new floors. Checking 2018 prices doesn’t prove anything
@@garystephenjones1 - there is a house for sale on the same road (looks to be the same size) for 115k. The road behind (similar house too) for sale for 130k. Well done to him, he got a good valuation.
To an extent yes. You can do some odd things like replacing light switches, fixtures and/or plug socket facia's. But you're correct in saying a full rewire is illegal without certification
So many people in these comments chatting the most shite. 🤦🏾♂️ Hating won't get you anywhere in life and most of you talking like you watched it on mute ffs