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THE RENOVATION GAME
Independent, The (London), Jun 11, 2008 by BEN NAYLOR
BASEMENT FLAT, BATH
What's for sale?
A rare opportunity to get your foot on the property ladder for under 100,000, this basement flat goes up for auction on 16 June. Currently a one-bedroom property, there's scope for a second bedroom. And there's an Aga in the kitchen. It's in an attractive mid-terrace Georgian building, typical of Bath, surrounded with wrought-iron railings and with a private entrance.
How much?
Guide price of 65,000
What's needed?
Equal proportions of vision and optimism, to see beyond the flat's current state. The interior is severely dilapidated - it needs rewiring, new plumbing and damp treatment. How much you spend depends upon your own requirements, of course, but 25,000 would cover all the basics.
Profit potential
A one-bedroom flat on the same street was recently sold for 178,000, so you could be looking at a quick and high turnover, with renovations expected to take six months. Bath is a beautiful historic city with great amenities and excellent transport links to Bristol and London.
Savills: 020-78249091
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