PROJECT: GRAND

We acquired a freehold block of five flats, part-tenanted at the time of purchase, with the strategy to renovate each unit to a high rental standard. This grand Victorian property, rich in original features and located in a highly desirable area, was enhanced through a two-stage programme of works carried out while accommodating the existing tenants in two units.

To meet the vendor’s requirements, we structured the purchase across multiple transactions to suit his personal circumstances. The first units were acquired within 4 weeks of viewing the property, demonstrating our ability to move quickly and adapt to seller needs. Following completion, all flats were re-let at improved rental levels and the property was refinanced to strengthen long-term portfolio value.

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Highlights & Figures

Extensive internal and external restoration
Property upgraded to full compliance standards
Complete replacement of plumbing and electrics
Installation of new kitchens and bathrooms
Bespoke design touches to maximise rental appeal and value
10 months from purchase to fully refinanced

Purchase Price: £630,000
Renovation Works: £147,000
Expenses (purchasing, sale, legals, loan interest): £71,000
Total Investment: £848,000

Gross Development Value (GDV): £1.5mil

PROJECT: MOMENTUM

This project comprised simple four flats within a traditional Victorian end-of-terrace property. The purchase was completed as a straightforward cash acquisition, with completion from initially viewing the property achieved in approximately three weeks.

Each unit was refurbished to a high specification. Bespoke design touches were incorporated throughout to enhance both the appeal and overall value of the property. The existing layouts required minimal alteration, allowing for a focused programme of enhancements to maximise efficiency and value.

The layout of the building also enabled a seamless, strategic flow of works — with trades progressing systematically from one unit to the next — ensuring a timely and well-coordinated turnaround.

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