There’s a growing number of buyers looking for properties that they can give a complete makeover to.
In a new piece for The Times, Black Brick buying agent, Camilla Dell shares why “faded glories” present fantastic opportunities for buyers to make a profit off of flipping.
“We recently sourced a property in Marylebone [northwest London] for a client that was for sale at £1,200 a square foot,” she said. “The buyer needed to spend £300 a square foot renovating it. However, when complete it will be worth upwards of £1,800 a square foot, making it a great deal.”
Read the full article here.