Every property has a "ceiling value": the highest amount that the property can be sold for on the open market.
Even the most high-end fittings and finishes won't achieve a price above the ceiling.
Rather than buy the proverbial worst-house-in-best street, identify the next best street, the next up-and-coming area.
Take advice from estate agents: open-plan living spaces may add more value than an extension.
Be clear about your investment purpose at the outset: selling on or renting out.
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