Valuation before
£870,000
What it was worth as it stood
Cost of the works
£365,000
Funded by us, recovered from the sale
Valuation after
£1,852,500
What it was worth once finished
Left for the estate
£617,500
After the cost of the works came out
The property
About this Pembrokeshire project
A local developer passed away leaving an estate including 8 properties. They were all tenanted Buy To Let investments with varying lengths of rental lease remaining. The beneficiaries lived overseas and wanted to liquidate the assets.
We compiled reports including valuations, rental yields, tenancy leases and renovation uplift.
The beneficiaries instructed us to renovate the properties as and when they became vacant and to manage the subsequent sale.
We successfully managed the portfolio, communicated with tenants and assisted with finding the tenants new homes at no extra costs as leases expired over several years
The outcome
What it made
Our experienced consultants prepared detailed reports, including valuations of the properties in their existing condition as well as the potential value if refurbished. We also suggested a marketing strategy, included agent recommendations, and gave renovation ideas supported by the estate agent valuations.
Once the renovations had been finished, the original valuer re-attended to carry out new valuations. The properties were then placed on the open market and sold for a staggering profit.
The property
Before and after
The property
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.