Did the developers keep to their budgets, or did they overspend and reduce their profit margins?
Bought for: 320,000
Budget: £127,000
The average of the three valuations came in at £543,000, giving Mike and Sally a fantastic potential £96,000 gross profit. In the end, though, they decided to move in to this development to start their next.
Bought for: £230,000
Budget:£100,000
The flats came in bang on budget, and Mike sold all four for a total of £440,000. He walks away with a cool £110,000 gross profit.
Bought for: £225,000
Budget: £40,000
Actual Spend: £118,600
Tina's overspending took the pair wildly over budget. The average of the three valuations came in at £318,000, which would make Craig and Tina a massive £25,000 loss.
Bought for: £426,000
Budget: £250,000
Actual Spend: £375,000
This time, despite an overspend of over £100,000, valuations from just under £1.3 to just over £1.4 million means that Craig should make a comfortable profit of between £242,000 and £309,500 with his 50% share.
Episiode information and all the latest from property gurus Phil and Kirstie.
.jpg)
Your Comments
Post your comment
Please note: In order to post a comment you need to be registered and logged in to Channel 4:
Sign In Here or Register Here
Comments closed
Comments are closed at the present time
Comments
Thank you for your comment!
Your message should appear below in a few minutes time. If it doesn't, it probably means we're reviewing the content of your comment. Providing the content is OK for us to publish, you should see it on the site within 24 hours.