Knock Way, Paisley
This property had been marketed by an estate agent and failed to find a buyer. Having been contacted by the seller directly we discovered that the primary reason for a sale failing to materialise was that an extension had been built into the attic space by the owner, without the appropriate permissions from the local authority. This meant the property was effectively unmortgageble.
In conjunction with an investor we were able to make the seller a cash offer and quickly purchase this property. We then made good on the remedial works required. In doing this our investor has an attractive property that delivers a gross return of 13.75% on the original amount invested and also enjoyed an instant capital appreciation of 40% post refurbishment.