Case Studies
One of the reasons we can offer such good returns on your investment is that we take great pride in renovating and repurposing the properties we aquire. Here are some case studies of some of the projects we've undertaken so far.
Case Study 1
Property Location: Moorsholm
We bought a derelict methodist church in Moorsholm Village that isn’t to far away from the likes of Whitby, Saltburn and Redcar.
Because of its prime location this will be a holiday let aimed at people who enjoy walking along the Yorkshire moors.
This project is nearing completion and will be ready to welcome it’s first guests by May 2023.
Financial Figures:
Purchase price
Fees
Legals
Refurb
Total costs
Estimated GDV
Rental Income
£100,000
£30,000
£1,000
£270,000
£401,000
£650,000
£100,000 per annum
Case Study 2
Property Location: Redcar
We recently purchased at auction this Commercial Property in the heart of Redcar High Street that is 820sqm.
We plan to let the ground floor of this out to an NHS-backed dentist on a 10 year lease and rent the first floor out as a commercial space.
This building is a relatively new addittion but we plan to have it ready for use by August 2023.
Financial Figures:
Purchase price
Legals
Fees
Refurb
Total costs
Estimated GDV
Rental income
£147,000
£700
£6,000
£150,000
£303,700
£600,000
54k per annum
Case Study 3
Property Location: Middlesbrough
We purchased an old run-down family home with a commercial down on the ground floor. We fully renovated this into a 5 bed HMO.
We spent a total of £140,000 on this project which it got revalued at £175,000 and provides an income of £1,960 PCM.
Financial Figures:
Purchase price
Stamp duty
Legals
Fees
Refurb
Total costs
Post Refurb Valuation
£85,000
£0
£1,244
£8,709
£45,039
£139,992
£175,000
Case Study 4
Property Location: Durham
We recently purchased this property and carried out the work to have it fully refurbished and ready to rent out in just 5 weeks.
We spent a total of £65,200 on this project which was revalued at £93,000 then refinanced at 75% LTV which released £69,750. This equalled a full cash out plus profit and a rental income of £575 PCM.
Financial Figures:
Purchase price
Stamp duty
Legals
Refurb
Total costs
Post Refurb Valuation
£50,000
£1,500
£700
£13,000
£65,200
£93,000
Case Study 5
Property Location: Park Lane, Middlesbrough
We purchased a run down large 3 bedroom property in Middlesbrough. We converted this into a 6 bedroom HMO with 5 en-suites.
We spent a total of £168k on this project and got it valued at 210k which provides a income of £31,720 per year.
Financial Figures:
Purchase price
Stamp duty
Legals
Fees
Refurb
Total costs
Post Refurb Valuation
£118,000
£0
£700
£3,725
£46,000
£168,425
£210,000
Case Study 6
Property Location: Redcar
We purchased this 3 bedroom property in Redcar and converted it into a Holiday let.
We spent a total of £108k on this project and got it valued at 135k. This property now provides a projected income of £28,000 per year.
Financial Figures:
Purchase price
Stamp duty
Legals
Refurb
Total costs
Post Refurb Valuation
£82,000
£0
£800
£25,000
£107,800
£135,000
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