Case Studies
Recent investment examples
Case Study
Overseas Investor
£80,000
sale agreed
£100,000 Similar Property Sold Price
20% discount
9% Yield
- What the investor was looking for
- A low hassle rental property with strong yields.
- What we found
- An off-market 3 bedroom semi-detached property situated in an enormously popular residential estate in Middlesbrough.
- Refurbishment Details
- The property required redecoration and some replacement carpets upstairs in order to let, totalling around £2,000.
- Outcome
- The property let immediately at £575 per month. Taking into account an interest-only mortgage, management, maintenance and voids this property can expect to generate around £350 per month profit. At the time of writing similar size and condition, properties are selling for in excess of £100,000.
Case Study
Heavy Refurbishment
£39,995
purchase price
£105,000 Similar Property Sold Price
£35,000 value added
10% Yield
- What the investor was looking for
- A property which we could refurbish to add a significant amount of value to in order to then let out.
- What we found
- A run down 2 extended bedroom property suitable for conversion to a 3 bedroom property in a popular rental location in Stockton On Tees. We purchased this property for £39,995.
- Refurbishment Details
- This property was refurbished entirely. This included: stripping, damp coursing, rewiring, replacement central heating, reskimming, subdividing the front bedroom, a replacement flat roof, rendering, new kitchen, bathroom, flooring and decor. This totalled around £23,000.
- Outcome
- This property was let quickly at £595pcm generating around £350 per month for our investor net of all costs and charges. At the time of completion, smaller and inferior properties in the area were selling in the region of £105,000. Net of all associated costs and fees this represents a paper profit of around £35,000 for our investor.
Case Study
Buy, Rent, Refurbish
£65,500
purchase price
£110,000 Similar Property Sold Price
£35,000 value added
8% Yield
- What the investor was looking for
- A property which we could buy at a discounted price, add significant value to and let at a high rental yield.
- What we found
- A property already tenanted at £475pcm in need of some TLC in order to achieve letting potential.
- Refurbishment Details
- This property was let as-is for over a year before being refurbished entirely at the end of the tenancy due to the relatively tired condition. This included stripping, rewiring, replacing the central heating, reskimming, installing a downstairs toilet, a new kitchen, bathroom, flooring and decor. This was achieved for around £15,000.
- Outcome
- This property was let quickly at £595pcm generating around £330 per month for our investor net of all costs and charges. These properties are currently selling for between £110,000 to £115,000. Given the previous rental profit of around £4,000 in the previous year, after a year of ownership, our investor has generated a paper profit of around £30,000-£35,000.
Case Study
High Cashflow
£65,000
purchase price
£75,000 Similar Property Sold Price
£10,000 discount
10% Yield
- What the investor was looking for
- A practically turn-key ready to let property generating high cash flow.
- What we found
- A 2 bedroom semi-detached property in a popular part of Stockton agreed over £10,000 less than prevailing market value due to the vendor being highly motivated to sell. The property had recently been modernised including electrics, central heating, kitchen and bathroom.
- Refurbishment Details
- The property was presented immaculately and required less than £150 of spend, including a gas safety certificate.
- Outcome
- The property was let almost immediately at £550, generating a monthly profit for our investor net of all costs of around £400 per month.