Valuation before
£150,000
What it was worth as it stood
Cost of the works
£32,000
Funded by us, recovered from the sale
Valuation after
£225,000
What it was worth once finished
Left for the estate
£43,000
After the cost of the works came out
The property
About this Frenchay (Bristol) project
A private client introduced this three-bedroom apartment to us in 2018. His mother had gone into care and the property was in considerable disrepair. Complete renovation was required and its market value at that time was £150,000.
Using our qualified tradespeople, we refurbished the apartment in its entirety and completed works within an 8-week period, at a total cost of £32,000.The apartment was then let to professional tenants generating an important income for the client's family to support their mother in care.
The work
Schedule of works
- Week 1 - Strip out of existing kitchen\n- Week 2 - Strip out existing bathroom and flooring\n- Week 3 - Electrical and plumbing works\n- Week 4 - Plastering throughout\n- Week 5 - Installation of kitchen\n- Week 6 - Installation of bathroom\n- Week 7 - Decorations\n- Week 8 - New flooring fitted
The outcome
What it made
On completion of the refurbishment works, the property was valued at £225,000, which is 50% more than the original valuation. The final renovation cost was £32,000.
The property
Before and after
The property
The property
The property
The property
The property
Would yours be worth doing?
Sometimes the answer is no, and we will say so. It costs nothing to find out, and nothing comes out of the estate up front.