M
Mandy W
New Member
Hello there,
I'm a bit of newbie so hope I can benefit from some of your collective experience. At auction in London on a 3 bed terraced house which needs doing up, but not structurally, how much profit would a developer need to make once purchase price, stamp duty, refurb etc are factored in, and capital gains? Would anyone do work like that for profit of 40k or less? Or would they be wanting, generally, to make more to cover contingencies like a slow market etc? Any thoughts very much appreciated!!! Thank you.
I'm a bit of newbie so hope I can benefit from some of your collective experience. At auction in London on a 3 bed terraced house which needs doing up, but not structurally, how much profit would a developer need to make once purchase price, stamp duty, refurb etc are factored in, and capital gains? Would anyone do work like that for profit of 40k or less? Or would they be wanting, generally, to make more to cover contingencies like a slow market etc? Any thoughts very much appreciated!!! Thank you.