Funding: by one of our private investors, earning a 12% return
Strategy: Buy, Refurb, Rent, Refinance
Refurb: Medium sized project, including a new kitchen, bathroom refresh, flooring and decoration throughout.
Plus a few surprises, read below!
about this project
This project was funded by one of our private investors. The deal was a fixed 12% return for £67,000, on a 364 day term.
From run down to affordable living
This end terrace two bed house was a mid level renovation which showed tremendous upside. Bought below market value, and with a full course of renovations totalling £12,000, this project increased from £62,500 purchase price, to a £100,000 RICS valuation.
At first, we wanted to keep a larger number of features than we were ultimately able too.
The 2 value add areas here were the kitchen and the bathroom. Initially we intended to keep the kitchen carcass' and simply replace the doors and handles to provide a modern feel. However it quickly became apparent that it all needed replacing. This however was a great move because we were able to rearrange the design to make the room more user friendly. For example we created space for the washing machine which was previously shoehorned into the rear hallway, we also created space for a fridge freezer which was previously by the door to the living room. The Fridge freezer relocation now allows space for a family dining table in the kitchen, vital at meal times. Forever efficient with budget we were able to reuse the oven and hob as they were recently installed by the previous owner.

The 3 piece bathroom suite in this property was in good condition and didn't need replacing. We instead opted to replace the tiling for a modern look panelling solution which totally transformed the room without breaking the bank.
Other areas that needed attention were a rotten joist which was replaced, repair work to the staircase due to wear and tear, plastering to repair a damaged ceiling in bedroom one and a garden tidy up.
Finally a full redecoration and carpets throughout the property was finished!
The works took 8 weeks from start to finish (Phil even had chance to squeeze a holiday in whilst our incredible team carried out the work)
Renovations
Simple & Powerful
Full decoration throughout
White walls & ceilings. White gloss work.
Simple, but very effective!
Bathroom
The 3 piece bathroom suite was in good condition. We modernised by replacing the tiles with panelling.
Kitchen Upgrade
A full kitchen cabinet and worktop replacement was required here. However we were able to reuse the oven and hob
New Carpets
We replaced the carpets and underlay throughout the property with brand new modern Grey.
Electrics
We repositioned some of the light switches to make them more user friendly, along with carrying out a full Electrical inspection & certification
General repairs
The staircase needed repairing after years of wear and tear, we also had a damaged joist which was replaced
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