This three-bedroom semi-detached property was acquired with a tenant in situ, presenting an opportunity to purchase below market value due to its neglected condition and ongoing tenancy challenges.
After a holding period, the tenant vacated, allowing us to reassess the property's potential. Given its solid fundamentals, we opted for a light refurbishment and resale strategy to maximise the capital return and redeploy funds into a higher-yielding investment.
The renovation included a new basic kitchen installation, minor electrical and plumbing repairs, and full internal redecoration. This efficient turnaround enabled us to bring the property to market quickly.
The home was successfully sold to first-time buyers, delivering a solid profit while also providing new owners with a well-presented, move-in-ready property.