Renfrewshire I

This is the property that started it all.

We deliberately chose a relatively inexpensive property with a straightforward refurbishment to test our business model. Everything was difficult because this was the first time we took theory and turned it into reality.

Key problems solved:

  • managing trades to deliver on time and budget
  • main contractor unwilling to finish the refurb

 

Scope of works:

  • New Kitchen
  • New Bathroom
  • Upgrade Electrics
  • New Boiler
  • New Central Heating System
  • Painted and redecorated
  • New Flooring
  • Purchased: Dec 2017
  • Home Report Value: £55,000
  • ALI Negotiated Purchased Price (pre works): £36,250
  • Refurbishment: £10,000
  • No. of Rooms: 1
  • Timeline: 2 months
  • Property Value (post works): £60,000
  • ROI: 30%
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