imo once you have spent money on doing it up and fees etc you won't make much money.
Take a look at http://www.houseprices.co.uk/e.php?q=Morval+Close%2C+Farnborough&n=10

The last flat to sell was in March for £129k. If I was looking to buy a place to do up and sell I would look in a completely different area where house prices are lower but increasing

Ok it wont work unless you log in.

Not sure if this link works:

http://www.upmystreet.com/property/prices/actual-prices/l/GU14+7NL.html?apr_t=2007q1&apr_tenure=Freehold&apr_type=flat&apr_a=1&apr_o=distance_asc&apr_l=GU14+7NL&location%5Bpostcode%5D=GU14.7NL&location%5Buserentered%5D=GU14+7NL&location%5Barea%5D=GU&location%5BlaCode%5D=24UL&location%5BlaName%5D=Rushmoor&location%5BaudId%5D=251&location%5BlgId%5D=L1711&location%5Bx%5D=486871&location%5By%5D=156016&location%5BconstituencyCode%5D=384&location%5BconstituencyName%5D=Aldershot&location%5BleaCode%5D=850&location%5BleaName%5D=Hampshire&location%5BpostTownCode%5D=528&location%5BpostTownName%5D=Farnborough&location%5BwardCode%5D=24ULFS&location%5BwardName%5D=Empress&location%5BeuroCode%5D=SE&location%5BeuroName%5D=South+East&location%5Bdistrict%5D=GU14&location%5Bsector%5D=GU14.7&location%5Bcentroid%5D=GU14.7NL&location%5BumsId%5D=0&location%5Bresolution%5D=0&location%5Bdisplayable%5D=GU14+7NL&location%5BfullLaName%5D=Rushmoor+Borough+Council&location%5BcountyName%5D=Hampshire&location%5Bcounty%5D=15

But there were 2 flats sold in that postcode for £160k in January, only thing is it doesnt say how many rooms they were :|

1 bed maisonette, hang on ill find out.

Is it a 1bed ground floor flat?

What do they normally go for around that area?

I would be aiming it at the young commuter market.

Opinions on this.....(Not to live in, to do up and sell)

http://www.rightmove.co.uk/viewdetails-15303632.rsp?pa_n=1&tr_t=buy

Pros:
- Very near mainline station
- Not too bad a price for the area
- Decent-ish sized rooms

Cons:
- What a dump :|

What I would do:
- Gas central heating
- Decorate all rooms, neutral colours etc.....
- New bathroom/kitchen
- Sort garden

Discuss :|

[Edited on 02-09-2007 by James]