Today I saw a property in East Ham – it was a ground floor purpose built flat with about 74 years left on the lease and a guide of 100-110k. I thought the end value was about 140-150k so there was something in it.
I went along to view and it the block was well maintained externally and internally:
The inside of the flat was a good size – there was some damp in the bedrooms, but that could be sorted
The kitchen was dated:
The bathroom could be sorted for minimal cost
The lounge was a nice size and just needed cosmetics
I had it down on my list to bid for…
Then I got busy and had another property I was trying to bid for…so I didn’t attend the auction as I decided with it being a big auction house it would go well over guide anyway. So I chose to go for the other project…
How WRONG was I
It sold for 99k! DOH!!!!