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we've got damp all the way up here yeah not ideal doesn't fit kitchen space here which is good and then this interesting little [Music] box explain to the people why you just dragged me on a 2hour trip so um I forgot to tell David that this was going to be a 4-Hour round trip we are currently outside property that we've just purchased it is a property up in the Northeast no Northwest of England managed to get it through before Christmas which is always good and we are just going to have a quick look around the Builder is ready he good to go we've got the quote locked in I might push him back to start in January save him having Tod do at the point of recording like a week away from Christmas so I've saved him coming in doing like 2 days work and then kicking off in January but right now wanted to come pick up the keys hopefully they've actually the vendors have actually left the keys in the lock box otherwise we're going to be driving home or breaking in yeah let's go have a look at it here we go yes doesn't fit it fits let's have a look around so when we first came and had a look at this property it was owner occupied the person well no they' moved out but it was owned by somebody who had all their stuff in here still a little bit of a hoarder and that was just stuff everywhere so hopefully I've got a video of a walk through to show that they cleared out the property before we actually completed on it so that was all done last week just before completion so this is this is the space we've got a kind of two reception rooms that have been not quite knocked through into one so I think we'll get rid of we'll probably get rid of this and just make it a step down they're two different levels because we are we are on a big slope and uh just where the houses are so we're not going to lift the levels up cuz I don't think it's going to be worth the money uh but we are the rooms are massive right if you have a look around these rooms are actually huge what we were thinking about doing originally and where I originally got this property the offer accepted was my plan was to turn this into a HMO so the idea would be that we would block up all of this here and this we'd turn into we'd knock through and have this as a door into bedroom number one and then as you can see throughout there is a way of turning this into a five bed HMO I'm not going to do that we've changed our minds and I think from a financial perspective um it doesn't make sense also this is a property in an area that I don't own other properties I don't have many others and to be honest I'm not really planning on buying any more in this area so rather than just having one HMO in the middle of nowhere where I've not got any other Investments I just thought let's do this renovate it into like a nice family home and then get it sold so that's the plan with it um watch your step on the way down but yeah it looks okay one of the one of the big problems that we had was on the on the photos it didn't actually show this beautiful little addition that they've added into the kitchen so as you come to the kitchen you'll see that there's a nice little addition but we've got kitchen space here which is good and then this this interesting little box which well yeah definitely make sure you wash your hands although I think by the time you've washed your hands in there it's going to just be even worse so it's not um not an ideal space yeah so the person who lived here they ended up having to live downstairs and the upstairs wasn't in use so they installed this downstairs toilet bathroom thing um it's actually quite sad to be honest because someone lived in in this property up until like a few months ago so it's not really a nice State and so that's why we're going to be coming in we're going to rip this whole thing out there's been a a big leak that's come through I can't remember what it was I'll have to double check when we go upstairs I think it's from um I think it's from the bathroom upstairs I don't think it's come through from the from the roof or anything but there's just quite a lot of damp in this property so we're going to be stripping a lot of it back and fixing a lot of The Damp issues um and then yeah getting it getting it freshly renovated into a nice new family home and you can see as well here that um we've got a big kind of damp patch we've got damp all the way up here and it's a combination of things um primarily is to do with the guttering in the chimney so if you were to look out the guttering and have a look you'll see It'll be filled with like Moss or whatever some some form of residue that's just causing loads and loads of water to just spill down and it's just meaning that this this whole surface of the wall it's getting soaked all day every day um and the same with the chimney it just needs capping off properly so we're going to get that fixed and that should sort a lot of the The Damp problems that we've got I also think that kitchen's going to be a nice and nice size once we've knocked out that that weird bathroom it's actually going to be quite a decent sized kitchen um as you can see we've got the bathroom here so we don't need that one downstairs if you have a little look we've got again just needs fully ripping out and um starting again in here we have the uh the rear uh small kind of box bedroom again we've got loads of damp problems but uh we can get those sorted we know the causes of a lot of it so not actually concerned we will the the kind of schedule of worked on these sorts of things is that we'll come in in we'll rip everything out we'll fix the issues we'll do the remedial Works um in this property a lot of that comes down to fixing holes in the roof capping off the chimney sorting the guttering out you know th those sorts of things once those are fixed a surprising amount of the work will just be cosmetic then we'll freshly plaster stuff get it all done to a nice standard and we wouldn't have those damp issues again so this is bedroom number two got a bit of light in here um got the boiler in here just a normal glow worm it's actually not too bad I think it's one of those like cancel installed ones um so the boiler is fine as you can see though we would we would have this is bedroom number uh if we were going to go for the HMO we'd go bedroom number one downstairs we'd go two which we're about to look into this would be number three number four over there and how are we're going to get the fifth one in I think we were going to 1 2 3 before I think we're going to split this next room if you have a look at this that was it we're going to put a stud wall here this is the master bedroom we're going to put a stud wall here and we're going to have bedroom number one bedroom number two um here like that cuz it's a huge room with loads and loads of space so yeah but we're not going to do that ultimately after saying all of that we're not we're not converting it into HMO as I said the the original plan was that we'd buy this convert into a five bed Passage onto a housing provider get guaranteed rent for like 5 years which would have been great and I'm I'm more than happy to do that and still actually exploring the option of it but right now I think an easier option would be quick in and out we're going to buy it renovate it do a nice fresh refurb on it I'm expecting the Reb to be about 25k including all the new kitchen new bathroom bed Plastering full rewire uh remedial Works to the chimney guttering painting the outside like there's just that's absolutely everything about 25k is what I'm expecting it to be so we bought this for £87,000 the purchase price we completed on it on Friday uh the legal costs were actually surprisingly cheap on this one for reasons there no point going into on the video but the legal costs were a lot cheaper so we managed to pick it up with the legal cost of about £1,000 we got uh the stamp Duty that we paid for didn't pay any broker fees or anything like that we bought this cash with investor Finance we're going to use earning £25,000 renovating it and then we're going to be selling it open market value at the moment depending on the quality of the Finish once it's all done top end is going to be 170 um B bottom end if we just did like a really rough job we talk about 15 so it depends on on where we kind of land in the quality at the end of it but I'm hoping to get much much closer to that 170 Mark so we should be walking away with a good kind of can't remember what it is off top my is 40 40,000 profit something like that once it's all done all costs are paid so yeah it looks good I'm I'm very happy with it I'm glad that they've emptied it out because when we last came in here I don't think they've cleared the garden which is going to be really annoying because we completed very quickly hoping that they would y great so we've got the frustrating thing about all of this is that now I'm going to have to pay more money to get this stuff cleared because the vendor didn't do it yeah not ideal come and have a look at this so the frustra the really frustrating thing about this is you can see here there's a bunch of branches there was like it was seriously overgrown all of this was just hidden by Shrubbery um and it was just fully overgrown everything was stuck in here but we did say to the vendor we literally came out here and I said that needs to go and they're like don't worry the council's taking it don't stress and they haven't taken it so unless the council's going to come pick it up and they are going to clear it for whatever reason this is now going to be our job to clear so that is it's not it's not like going to break the bank or it's going to ruin the deal but it's just an annoying an annoying extra cost and added work for the guys also if you have a look along the back of the house you'll see if you look up you'll see that the guttering is filled with moss you can actually see the source of all of The Damp it's that the gutters are filled with stuff so once that's cleared that will actually be not a problem we we we'll be able to stop any of the The Damp kind of reoccurring and then we just kind of fix it up inside you don't get a lot of houses a lot of areas where you get so much house for your money I mean 87 Grand for this I know it's a bit of a hole and it needs a lot of work but it's pretty good price isn't it so once we're all done renovated we'll be able to do another video and show you how it went I'm happy with the purchase um do you know what I am actually happy with the purchase there's the thing with the cluttering the guards and obbe but overall it I'm very happy with it there's a lot of work to be done to it I expected that we would have got the quote from the Builder so it's one of those really where you go into it and you think it's not a nice house but that's why I bought it so I'm happy with it we'll obviously renovate it get it into a nice condition the benefit the other reason I like it is we got it at such a good discount that even if we just had to sell it now I think we'd make a profit on it so all around a pretty good deal very happy with [Music] it