Check out some of our properties to get a flavour of what Bridekirk Properties
can do!
CASE STUDY
High Street, Saxmundham, Suffolk
Conservation of rear parts of commercial unit in to a 1 bed flat, while retaining a smaller retail unit, with planning for second studio flat to be built in garden.
Projected costs and outcome
Purchase price
£185,000
Build costs
£29,375
Legal costs
£2,200
Finance costs
£11,935
Total costs
£228,510
Gross Development Value
£346,538
Total Profit
£118,028
Income below
Commercial space
Shop income
£1,200 pcm
Residential space
Flat income
£475 pcm
Total income pa
£21,100 (before expenses)
Previous Projects
Purchase price
£83,000
Build costs
£13,000
Sold price
£124,000
Profit
£28,000
ROI
28%
Purchase price
£132,500
Build costs
£24,000
Sold price
£178,000
Profit
£21,500
ROI
26%
Purchase price
£194,000
Build costs
£10,000
Sold price
£230,000
Profit
£27,000
ROI
31%
Summary
It’s true property investment can be risky, but with risk comes the rewards and here at Bridekirk’s we believe we are mitigating a lot of those risks with careful due diligence, property knowledge & experience, an evolving openness to affective strategies and multiple exit routes.
Founder of Bridekirk Properties
