You are reading a single comment by @NotThamesWater and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
NotThamesWater
frankohara
NickCJ
£700k in 2019 would be worth, say, £900k excluding works before any Kwarteng discount?
If they have done the full side return & loft job to a decent standard then they could be over £200k in the hole for costs. Add £100k for stamp duty on the way in, the place they had to rent during the building works and agency fees and £1.2 mm is the closest round number. Not a lot of profit in it at that level given the hassle.
As to whether it's worth that... I would have been surprised when rates were <2% and shocked now rates are >5%.