2 Bed House, Portsmouth
Full refurbishment and resolution of a structural issue saw this project return 18% net ROI
Purchase Price
£181,000
Refurb & Costs £37,750
Revaluation
£250,000
Secured pre-auction
20-25% below market value
3 month turnaround
This property was found on an auction site and was secured pre-auction, some 20-25% below market value.
After initial viewings and inspection of the legal pack, the structural survey in particular was not happy reading. Having a good relationship with our builder served us well and they reassured us that the structural issue was not as bad as the survey laid out.
The structural work was completed and the house fully refurbished within 3 months. Three days after the project was completed it was tenanted, bringing in a NET income of over £7200 per annum.
After refinancing the property we now achieve over 18% on our initial investment.
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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 6% – 12% or bespoke deals joining in our success.