In a joint venture we bought 2 town houses in Llandridod Wells. They were converted into 4 flats and then each investor got one apartment. Unfortunatey this deal was made during corona so there were massive delays. Due to the rise in prices in the area we decided to flip our property once th refurb was completed.

The Numbers
Purchase price: £37 000
Refurb cost: £25 000
Other costs: £5000
Sales price: £ 100 000
ROI: 25%