2 Bed Flat, North End, Portsmouth
Creation of a second bedroom and full modernisation of the flat resulted in achieving over 150% ROI after refinancing
Purchase Price
£103,500
Refurb & Costs
£14,200
Revaluation
£155,000
Bought below market value
Opportunity to add second bedroom
When we discovered this flat on Rightmove we immediately saw the opportunity to convert the large kitchen into a second double bedroom.
Our offer was accepted in November 2018. Well below market value. There was a significant delay during the purchasing process but we knew that the numbers were going to work for our strategy.
By reconfiguring the layout and moving the kitchen into the lounge we created a modern, open plan kitchen and living space within the property.
In 2 months the flat was reconfigured and fully refurbished. The property was revalued at £155k. Leaving just £3,512 of our initial investment in the deal after refinancing. Achieving over 150% ROI (return on investment).
Other projects
Let’s start making your money work for you
We’re keen to meet you with you, discuss your goals from investment and structure a deal to suit you. We offer clients fixed returns between 4% – 10% or bespoke deals joining in our success.