This is one of ARM Empire’s ongoing projects of 2022
ARM Empire secured this property at auction. ARM Empire secured this property on modern method of auction in an extremely competitive market by using the relationship and our fast ash purchase I made the decision to pay the auction fee instantly they were originally asking for £170,00 and had offers of multiple buyers over £130,000 but none had paid the auction fee to secure the property due to probate taking a while. That didn’t bother us and we secured the property instantly for £110,000 on the condition we paid the auction cost before the end of the day. we will flip this property for sale price anywhere from £180,000 – £190,000
We purchased the property for £110,000
We paid an Auction Fee of £5,754.00
We paid £3,300 for SDLT
Solicitor costs and Law fees £938.00
Total Purchase including auction fees =£119,992 (1-month time scale process)
Full refurb including labor and material and management totaling £30,800 (3-month time scale )
ARM Empire Fee £3,500
sale costs including solicitor cost £2,100 (1 month)
FULL CASH INVESTED £156,392
End Sale price £181,500 – £186,500 – £191,500
Profit £25,108 16% £30,108 19% £35,108=22%ROI in 4-5 months
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