INVESTMENT THESIS
Value sits in exploiting the vendor's time pressure, then letting the vacant house. At offers over £290,000, the current margin is too thin.
The £315,700 size adjusted value indication leaves only about £26,000 before SDLT, finance, professional fees and works. Current income is zero. Two failed sales, reported arrears and £150,000 known debt create scope for a discount or deferred vendor equity. The deal becomes attractive only with verified distress, vacant possession and an acquisition basis that preserves a robust all cost margin.
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Regenerate Investment Thesis