Properties previously considered by Edge Investment Syndicates include:
1. 7 Sipres Street, Arbor Park, Newcastle, South Africa - Sold for 255,000 SA Rand in February 2010
A detached property in a good residential area in need of refurbishment. Estimated cost of conversion 100,000 SA Rand. Final Market Value estimated at 650,000 SA Rand. Even if sold for 600,000 SA Rand for a quick sale, this would generate a 69% profit on investment.
2. 35 Coley Hill, Reading RG1 6AE - Auction Guide Price £295,000 - Sold for £370,000
A spacious double-fronted building in need of refurbishment which is suitable for conversion into flats and bedsits.
Estimated cost of conversion to current building regulations is £50,000 and with stamp duty and solicitor's fees totalling £12,000, this makes a total investment of £432,000.
Projected annual rental income on completion of building works - £61,200. This would result in an annual return on investment of over 14%.
3. 3 Westcote Road, Reading RG30 2DL - Auction Guide Price £245,000 - Sold for £278,000
A detached building with 5 bedrooms in need of complete updating and refurbishment, suitable for conversion to bedsits.
Estimated cost of conversion to current building regulations is £40,000 and with stamp duty and solicitor's fees totalling £9,400, this makes a total investment of £287,400.
Projected annual rental income on completion of building works - £33,600. This would result in an annual return on investment of over 11%.
If you are interested in investing in a similar project with Edge Investment Syndicates, please Contact Us for further information.