As an addition to the post recently regarding the auction property in Broadmeadows you will see a couple of examples of similar properties fairing well in recent times.
The best recent flips achieved in the DE55 postcode – meaning best profits from when bought to sold are;
33 Grey Fallow, South Normanton, DE55 3BQ – Bought for £102,000 (Auction) in Jan 2013
Sold for £146,000 in Mar 2015. Thats a total profit of £44,000 (43.14%) with a year on year growth of 17.63%
26 Honeysuckle Drive, South Normanton, DE55 2FR – Bought for £140,000 in June 2013
Sold for £170,000 in Jan 2015. Thats a total profit of £30,000 (21.63%) with a year on year growth of 12.63%
Both properties within a quarter of a mile of the property in the auction on The Pemberton showing large increases in value over a short period.
Have fun at the auction!
